Are Cost Misunderstandings Hurting Mass EV Adoption?

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Are Cost Misunderstandings Hurting Mass EV Adoption? via insideevs.com

While the drop in percentage wasn't by a massive margin, it still was a decrease in a series of increases. What was the cause of this reduction? According to the pollsters,"Driving range and battery life cannot yet measure up to what traditional ICE vehicles provide. The charging experience does not meet the expectations of potential buyers. Cost-related worries make it difficult for BEV considerers to pull the trigger with any certainty.

"The myth persists that BEV ownership costs are higher than internal combustion vehicles. Only 35% of buyers agree that BEVs have a lower cost of ownership compared to internal combustion engine vehicles. That figure increases to 55% for BEV considerers. In reality, the average cost of maintaining a BEV is $9,048 per year, compared to the $10,728 industry average, according to AAA's annual cost of ownership report.

 

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