Jun 11, 2024 - Business
Slumping sentiment for EVs
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The public's sentiment toward electric vehicles is deteriorating.
Why it matters: EV companies like Tesla, Rivian and Lucid — plus automakers like GM, Hyundai and Mercedes-Benz — have staked their success on a future fueled by little or no gasoline.
By the numbers: 63% of adults say it's unlikely or very unlikely that they will buy an EV for their next vehicle, up from 51% in 2022, according to a new AAA survey of 1,152 Americans.
- Only 18% say they're likely or very likely to do so, down from 25% in 2022.
Zoom in: 60% cite concerns about higher prices, while 54% say they're worried about finding charging.
💭 Nathan's thought bubble: Politics could also be playing a role here, as EVs have become increasingly politicized.
