EY research: Nearly half of US car buyers intend to purchase an electric vehicle; charging and safety concerns weigh on consumers
- Of the U.S. consumers planning on purchasing a new vehicle in the next 24 months, nearly half (48%) intend to purchase an EV – which is up 19% from 29% in the 2022 EY MCI.
- Despite purchase intent gains, a majority (57%) of US car buyers cite the danger of home charging as a key deterrent.
- The majority of EV owners (81%) are likely to consider repurchasing an EV again compared with traditional vehicle owners (42%).
- The EY Mobility Consumer Index ranks the U.S. No. 7 globally in terms of EV readiness.
The latest EY Mobility Consumer Index (MCI) — a global EY survey of more than 15,000 consumers from 20 countries — reveals that US consumer interest in electric vehicles (EVs) is at an all-time high, with about half (48%) of US car buyers intending to purchase an EV in the next 24 months. This represents a 19% increase since the 2022 MCI findings, showing the highest growth in EV intent and sentiment, globally. In EV readiness overall, the U.S. jumped five spots, reaching No. 7, falling behind China, Norway and Sweden in the top three spots.
"The EY Mobility Consumer Index answers the most pressing questions around mobility in the U.S.. The MCI takes an in-depth look at the tipping point for vehicle electrification, how soon autonomous and shared mobility will take off, and overarching societal implications," says Steve Patton, EY Americas Mobility Sector Leader. "On the heels of government legislation aimed at mitigating consumer concerns and driving increased collaboration between private and public sectors, this year's data demonstrates that the U.S. is at a true precipice when it comes to mainstream EV adoption. We can expect to see more EVs, both commercial and consumer, on the road."
Shifting mobility behavior drives sharp increase in demand
