A new study suggests that a significant proportion of the population will consider buying an EV within three to five years as barriers fall and demand increases.
This study asserts that almost half of all vehicle shoppers are not considering purchasing an EV. These consumers, referred to as Skeptics in the study, are only considering ICE vehicles. However, Cox Automotive believes that with technology improvements, lower prices, and an improved charging network across the U.S., 54% of these current Skeptics could become ‘EV Considerers’ within three to five years.
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