Study Reveals 31% Of US Likely To Buy EVs, Toyota Preference

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Study Reveals 31% Of US Likely To Buy EVs, Toyota Preference
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In a recent Ipsos poll, EV interest is stymied by cost, range, and charging concerns.

Electric cars are rapidly rising in popularity. Tesla consistently sees record EV deliveries year-over-year, and other automakers, such as Polestar and Ford, are seeing their EV sales uptick. However, EVs still comprise a small portion of the new car market. In 2022, they sat at 5.6% of the total new market share. Many consumers are still skeptical of purchasing electric cars due to range, charging, and other concerns.

More EV News Toyota And Idemitsu Team Up To Make 621-Mile Solid-State Batteries A Reality Tesla Prices Fall Below Average US Car Costs, Model 3 On Par With Toyota Corolla In the survey, only 30 percent of the respondents were familiar with the EV tax credit. Next year, the federal tax credit will become available at the point of sale, drastically reducing the upfront price of the car. There appeared to be many cost misunderstandings.

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