• 931 days Will The ECB Continue To Hike Rates?
  • 932 days Forbes: Aramco Remains Largest Company In The Middle East
  • 933 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,333 days Could Crypto Overtake Traditional Investment?
  • 1,338 days Americans Still Quitting Jobs At Record Pace
  • 1,340 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,343 days Is The Dollar Too Strong?
  • 1,343 days Big Tech Disappoints Investors on Earnings Calls
  • 1,344 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,346 days China Is Quietly Trying To Distance Itself From Russia
  • 1,346 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,350 days Crypto Investors Won Big In 2021
  • 1,350 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,351 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,353 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,354 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,357 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,358 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,358 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,360 days Are NFTs About To Take Over Gaming?
Fake Reviews Go All The Way To The Top

Fake Reviews Go All The Way To The Top

Monitoring service Fakespot Inc found…

After Long Silence, McDonald’s, Coca-Cola to Exit Russia

After Long Silence, McDonald’s, Coca-Cola to Exit Russia

“McDonald’s has decided to temporarily…

  1. Home
  2. News
  3. Breaking News

Why Consumers Aren't Buying Electric Cars

Electric Car

Enthusiasm among drivers is lacking about autonomous vehicles and even electric cars, J.D. Power’s latest Mobility Confidence Index has revealed.

The results of the survey would be surprising—and bordering on shocking--for the proponents of EVs and all the headline space these vehicles are getting, with analyst forecasts for their adoption overwhelmingly optimistic. Unlike them, consumers are not as optimistic about the future of plug-in cars and self-driving vehicles.

According to the survey, electric cars scored a mobility confidence index reading of 55 on a scale of 100. Self-driving cars scored even lower, at 36 points, which would hardly be a surprise since this technology has yet to mature, and developing trust in it would be a long process.

“Out of the box, these scores are not encouraging,” said J.D. Power’s executive director of Driver Interaction & Human Machine Interface Research. “As automakers head down the developmental road to self-driving vehicles and greater electrification, it’s important to know if consumers are on the same road—and headed in the same direction. That doesn’t seem to be the case right now. Manufacturers need to learn where consumers are in terms of comprehending and accepting new mobility technologies—and what needs to be done.”

Indeed, the results are worrying, especially for EVs which have been hailed as the drivers of a transport revolution. According to the survey, there are still a lot of people who wouldn’t buy an EV: just 39 percent said they would buy one. Even more people don’t believe EVs are as reliable as ICE cars: 51 percent. One thing the majority of respondents in the survey were positive about in EVs was their beneficial effect on the environment.

Among the top problems noted by respondents were the length of time it takes an EV to charge and the length of its range. According to the majority, the former needs to be shortened and the latter extended before they would consider buying an electric vehicle.

By Irina Slav for Oilprice.com

 

Back to homepage

Leave a comment

Leave a comment