Young people between 18 and 29 years old were the age group most likely to consider the purchase of an electric vehicle in the United States as of May 2022. Around 55 percent of the Americans between 18 and 29 years old surveyed reported being somewhat or very likely to consider buying an electric car. By contrast, only 31 percent of the respondents over 65 years old surveyed declared having an interest for the vehicle segment. The likelihood to consider the purchase of an electric vehicle also depended on consumers' previous EV knowledge.
FAQs
U.S.: EV purchase likelihood by consumer age group | Statista? ›
Young people between 18 and 29 years old were the age group most likely to consider the purchase of an electric vehicle in the United States as of May 2022. Around 55 percent of the Americans between 18 and 29 years old surveyed reported being somewhat or very likely to consider buying an electric car.
What age group is most likely to buy electric cars? ›Environmentally-friendly millennials are more likely to switch to an electric vehicle than any other generation, research has found. A study, of 2,000 drivers, found half of 25-34 year olds will wave goodbye to petrol and diesel motors in the next five years – compared to just 21 per cent of 55-64 year olds.
What is the average age of EV purchaser? ›According to Savanta Chief Global Research Officer Dr. Nick Baker, the average age for consumers likely to purchase a premium EV is in the lower 40s, compared to earlier data that showed buyers to be in their 50s and mostly male*.
What is the target demographic for electric cars? ›For example, you might target young, urban, and tech-savvy customers who value convenience, sustainability, and innovation. These customers are likely to be interested in electric cars that offer smart features, fast charging, and low maintenance.
Who is most likely to buy an EV? ›Those with a college degree (47%) are significantly more likely to buy an electric vehicle than those with a high school diploma or less (18%). Millennials (40%) and Gen Xers (33%) are significantly more likely to buy an EV compared to Baby Boomers (22%).
Which gender buys more electric cars? ›The Edmunds Survey
In short, men in the U.S. buy almost twice as many EVs as women, a trend that does not exist with internal combustion engine (ICE) vehicles. Edmunds further conducted a sentiment survey that found that among prospective buyers, 71% of men said they would consider an EV versus only 34% of women.
EV sales will continue to grow
The reality is that EV sales remain strong and growing, although the supply of unsold EVs on dealer lots has increased. In fact, the third quarter saw the strongest year-over-year growth in sales of battery-electric vehicles and plug-in hybrids since the fourth quarter of 2021.
-- Seven percent of Americans, up from 4% a year ago, report that they own an electric vehicle. That increase is matched by an equal decline in the percentage saying they are seriously considering buying one, from 12% to 9%.
What is the lifespan of an EV car? ›Most last between 8 and 12 years, but this may be shorter if you regularly use your electric vehicle. Another common measure of lifespan is through total miles driven. EV manufacturers such as Tesla offer battery warranties under 100,000 total miles for battery failure and degradation.
Are Millennials buying electric cars? ›Millennials aren't far behind by total EV sales tally, and for them, EVs are an even higher 10.2% of new vehicles purchased. Meanwhile, EVs only account for 5.9% of new vehicles purchased by Boomers in 2023, and 6.6% of those purchased by “digitally native” Gen Z, according to the report.
Why Americans are having second thoughts about EV? ›
The most frequently cited reason (66%) was the option to use gas, followed by limited EV driving range (57%) and the inconvenience of charging EVs (52%). Interest in EVs has grown significantly in recent years, with registrations in the U.S. increasing by nearly 547% since 2017.
Is no one buying electric cars? ›In the $1.2 trillion secondhand market, prices for battery-powered cars are falling faster than for their combustion-engine cousins. Buyers are shunning them due to a lack of subsidies, a desire to wait for better technology and continued shortfalls in charging infrastructures.
Who dominates the electric vehicle market? ›Tesla gains ground on Renault and Nissan, which remain atop the charts. Volkswagen's sales of electric cars drop to just over 13,000. Nissan and Renault lose the electric car crown to Tesla, which sells almost 100,000 vehicles in 2017. Tesla is firmly in the lead.
Who is the biggest consumer of EV? ›Global electric vehicle market highlights:
China accounted for 61% of the global BEV sales, followed by the US. BYD Auto became the best-selling BEV brand in Q4 2023 by surpassing Tesla. Tesla's Model Y, BYD's Yuan Plus (Atto 3) and Tesla's Model 3 were the best-selling EV models in Q4 2023.
First quarter sales of electric vehicles in the U.S. by car maker, excluding Tesla, which sold 161,630 in the first quarter of 2023 and 140,187 in the first quarter of 2024, a decline of 13.3 percent.
Why people hesitate to buy EV? ›Customers cite concerns about vehicles burning through a battery charge faster in cold weather or not being able to travel as far as they expected on a single charge, dealers say. Potential buyers also worry that chargers aren't as readily accessible as gas stations or might be broken.
What type of people buy electric vehicles? ›Democrats and Democratic-leaning independents, younger adults, and people living in urban areas are among the most likely to say they would consider purchasing an EV.
What age group buys the most used cars? ›Buyers aged 24 and younger make up a mere 1% of the market, while the largest portion of buyers falls within the age range of 25 to 54, accounting for 55% of the total market share.