It seems consumers’ appetite for electric vehicles is draining fast.
According to the EY Mobility Consumer Index, a global survey of almost 20,000 consumers from 28 countries, only 34% of American consumers intend to purchase an EV as their next car in 2024 — a drop of 14% in just a year.
There were two main reasons why the consumers say they don’t want to plug into the EV revolution: 26% fear extremely expensive battery replacement and 25% say there aren’t enough public chargers to make it worth their while.
That said, consumers are apparently willing to do something they perceive to be better for the environment: 21% of U.S. consumers are considering a hybrid vehicle, according to the survey.
Data from the American Automobile Association cited by the investment brand The Motley Fool reveals that 63% of U.S. drivers say they’re unlikely to purchase an EV shortly — that’s down 10% from last year.
Demand for all-electric vehicles is falling in Europe, as well, leading brands like Volvo to reverse plans to be all electric by 2030.
Survey questions, methodology and results have not been verified or endorsed by ABC News or The Walt Disney Company.