Disconnect Between Consumers’ Stated Interest in Alternative Fuel Vehicles & Actual Purchases
(Convenience Store News) … Consumers and Alternative Fuels 2017, the latest installment of the Fuels Institute’s annual measure of American consumers’ sentiment on vehicle purchases, found that significantly more consumers stated they were very likely or somewhat likely to purchase an alternative fuel vehicle than actually made such a vehicle purchase last year.
Factors influencing the gap between consumer interest and actual purchases of electric vehicles include low gas prices, lack of battery charging infrastructure, range anxiety and battery replacement costs.
“The cost of an electric vehicle remains a stumbling block to broad consumer adoption,” Eichberger noted. “In our survey, 81 percent of consumers who said they would not consider an electric vehicle said the vehicles were too expensive. With regards to this factor, what the government does can have a significant influence on the pace of market adoption.”
Other key findings from the report include:
- When specifically asked if they would consider an all-electric vehicle for their next purchase, 51 percent of potential car buyers said they were very or somewhat likely to do so. This is up from the 48 percent who said the same in a February 2016 Fuels Institute survey. Despite this, electric vehicles represented only 0.45 percent of all light duty vehicles sold in 2016 (80,039 units). READ MORE
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