A report released recently by the Fuels Institute has found a strong disconnect between what potential car buyers say they will do and what they actually do when it comes to purchasing non-gasoline powered, alternative fuel vehicles. Consumers and Alternative Fuels 2017, the latest installment of the Fuels Institute’s annual measure of American consumers’ sentiment on vehicle purchases, finds that significantly more consumers said they were very likely or somewhat likely to purchase an alternative fuel vehicle than actually did purchase such a vehicle last year.
For EVs, the report found that factors influencing the gap between consumer interest and actual purchases included low gas prices, lack of battery charging infrastructure, range anxiety, and battery replacement costs, shown in the figure below. The survey found that 81% of consumers who said they would not consider an EV said it was too expensive (presumably, even with the federal tax credit, which is still in effect post the recent passage of tax reform legislation in the U.S.).
Among other key findings in the report:
Tammy Klein is a consultant and strategic advisor providing market and policy intelligence and analysis on transportation fuels to the auto and oil industries, governments, and NGOs. She writes and advises on petroleum fuels, biofuels, alternative fuels, automotive fuels, and fuels policy.