News One in five Americans likely to buy EV, according to AAA study

20:50  14 may  2018
20:50  14 may  2018 Source:   nydailynews.com

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One in five Americans plan on buying an electric vehicle as their next car, according to a study published Tuesday by AAA . Thanks to upgrades in charging infrastructure, batteries with better range and overall lower cost of ownership

One in five Americans plans to buy an electric vehicle as their next car, according to AAA study . 20% of Americans Likely to Purchase EV as Next Vehicle: AAA Study .

One in five Americans plan on buying an electric vehicle as their next car, according to a study published Tuesday by AAA.

Thanks to upgrades in charging infrastructure, batteries with better range and overall lower cost of ownership, 20 percent of U.S. car shoppers said that they will likely drive off the dealership lot with an EV, a figure up 15 percent from last year.

Overall, AAA found that concern for the environment continues to be the main factor driving Americans to ditch the fuel pump for the electrical outlet, accounting for 80 percent of those surveyed. Lower long-term costs (67 percent), available cutting edge technology (54 percent) and access to the carpool lane (35 percent) were also high on the list of reasons for an EV purchase.

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Despite an increase in popularity among American buyers, there are still some reservations about making the EV plunge. Six in ten Americans (63 percent) who are unlikely to buy an EV are mainly concerned about not having access to an adequate public charging infrastructure. That figure, however, is down from 69 percent in 2017.

a car parked in a parking lot: Regardless of how their vehicle is powered, Americans still prioritize reliability, safety and driving dynamics as key factors for a car purchase.© Chevrolet Regardless of how their vehicle is powered, Americans still prioritize reliability, safety and driving dynamics as key factors for a car purchase.

In regards to recharge time, most Americans have an unrealistic expectation of how long it can take. Seven in ten Americans polled (68 percent) said that a charge time of no more than 30 minutes was reasonable. In reality, even with a Level 2 charger, it can take several hours to charge a fully depleted long-range EV. For those using a standard 120-volt household outlet, an overnight charge may be necessary.

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One in five Americans say they are likely to buy an electric car for their next new vehicle, according to a survey from AAA .

One in five Americans say they are likely to buy an electric car for their next new vehicle, according to a survey from AAA .

Some automakers, and even some retail stores, are bringing electric power to the people by funding the expansion of DC fast-charging stations across the country. Automakers such as Nissan, BMW, Volkswagen and others have chipped in to a nationwide network of fast-charging stations. These networks, built along major traffic corridors such as I-95 on the East Coast and I-80 across the continental U.S., will be completed by the end of the decade.

Walmart and Target both recently partnered up with Electrify America, Volkswagen’s EV-oriented subsidiary, to bring fast chargers to hundreds of stores across the country, giving EV owners easier access to charging at popular shopping destinations.

a car parked in front of a window: While Tesla's Supercharger network juices up their vehicles faster than more common Level 2 chargers, the barrier of entry is still out of reach of most Americans.© Zhang Peng/LightRocket via Getty Images While Tesla's Supercharger network juices up their vehicles faster than more common Level 2 chargers, the barrier of entry is still out of reach of most Americans.

Compared to last year, fewer Americans are concerned with having enough range to get around in their day-to-day lives. Only 58 percent of those surveyed are concerned with running out of charge while driving, compared to 68 percent last year, and only 49 percent were worried about higher costs to repair or replace the battery, down from 55 percent in 2017.

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While these are all important concerns when considering the purchase of an EV, the majority of shoppers still place key factors such as reliability, crash-test ratings and availability of active safety technology as top priorities when buying their electric car.

Nine in ten Americans (92 percent) say reliability is the most important factor, followed by 77 percent prioritizing crash test ratings. Of those in the study, 71 percent factored in cost while 69 percent said acceleration and handling were most important. Very few cited things like style, color or design as important considerations, with only 34 percent naming it a make-or-break factor.

a close up of a person holding an object: BMW and Nissan completed their 174-DC fast-charging station expansion, adding to EVgo's 668 active fast-chargers.© Bloomberg via Getty Images BMW and Nissan completed their 174-DC fast-charging station expansion, adding to EVgo's 668 active fast-chargers.

AAA also asked buyers about their likelihood to purchase a hybrid car. Three in ten American adults said they are considering buying one, a figure unchanged from last year.

Another study published by AAA in August analyzed the total cost of ownership for a variety of vehicle types. In the study, the non-profit auto organization found that aside from compact cars, electric vehicles had to lowest fuel and maintenance costs of any vehicle on the road. However, because hybrid cars have lower rates of depreciation, they cost less to own long-term compared to their solely battery-powered counterparts.

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They bought him an iPad and gave him a summer job dog-sitting for a day and allowing him to sleep in their bed while they were out of town. One in five Americans likely to buy EV , according to AAA study .

For the recent EV-oriented survey, researchers at AAA surveyed more than 1,000 Americans over the phone in March 2018, encompassing those categorized as Millennials (aged 20-37 years old), Generation X (aged 38-53 years old) and Baby Boomers (aged 54-72 years old).

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