Study Shows Consumers Are Ready For Electric Vehicles, Except for 1 Major Hurdle

Have you ever thought about owning an electric vehicle? If so, you’re not alone. As automakers turn their attention to adding more electric and hybrid cars to their lineups in the near future, it’s not too surprising that consumers are showing more interest in them. In fact, a recent study conducted by CarGurus shows that consumer interest in electric vehicles has increased greatly in recent years.

Electric vehicles are becoming more mainstream

You can blame it on rising gas prices all over the nation, or the rising popularity of electric vehicles, either way, Americans are feeling more at home with the thought of owning an EV someday soon. CarGurus surveyed 1,097 car owners on their sentiments on EV ownership and it turns out that EVs are becoming more mainstream.

According to the CarGurus study, “consumers are generally excited for the emergence of EVs,” and that’s evident in the numbers that the study produced. In fact, 56% of the consumers surveyed were excited about electric cars and 30% said they would probably own one in the next five years. What’s more interesting is that the number went up to 52% when questioned if they would own an electric car in the next 10 years.

An electric vehicle owner charges his automobile on a residential charger
A homeowner plugs into a charging unit at home | Chris Ratcliffe/Bloomberg via Getty Images

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The interest in electric vehicles surpasses hybrids, but gas-only cars prevail

Considering range anxiety still exists, you would think that owning a hybrid car instead of an all-electric vehicle would be more popular. But the study also showed that only 23% of the consumers surveyed are open to buying a hybrid car in the next five years, while 36% of them would buy one in the next 10 years.

However, gasoline cars currently still prevail as 90% of the consumers surveyed still own a gas-powered car, despite the fact that some of them currently own a hybrid or electric vehicle as well. Apparently, the rising cost of gas is influential to those on the fence about owning an electric car in the coming years as 54% of the consumers said they would consider going electric if prices shot up to around $5 to $6.

A Ford Mustang Mach-E charging on display
The Ford Mustang Mach-E all-electric vehicle on display | Antonio Perez/Chicago Tribune/Tribune News Service via Getty Images

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Tesla is still the most trusted electric vehicle brand

When it comes to which brand of an electric car that the consumers would go with, 57% of those surveyed put Tesla in the top spot. Second to that brand was Toyota with 52%, followed by Honda at 45%. It’s not too surprising, considering the survey also revealed that early adopters of electric vehicles happen to be “techies,” or tech-savvy individuals who don’t mind waiting in line for the newest and coolest gadgets.

A row of Tesla superchargers at a station
A row of Tesla charging stations with an electric vehicle plugged in | Philipp Schulze/picture alliance via Getty Images

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The lack of charging stations and replacement parts is a concern

Despite all of the rising interest in electric vehicles and the everlasting popularity of Tesla Motors, the consumers that were surveyed still want more chargers in order to make a safer decision. The survey says that 65% of consumers would be more willing to buy an electric car if charging stations were more plentiful and replacement parts were easier to access.

Considering that most electric vehicles currently in the market are relatively new and sales are scarce compared to their gasoline counterparts, we can see why consumers are concerned. However, this surge in future electric car production should curtail those woes, and if automakers keep upping the ante on EV technology, consumers might not have to worry about range anxiety in the near future either.