Smart Energy Consumer Collaborative https://smartenergycc.org Listen, Educate, Collaborate Wed, 08 May 2024 14:32:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://smartenergycc.org/wp-content/uploads/2017/09/cropped-SECC_LinkedIn_400x400_option2-32x32.png Smart Energy Consumer Collaborative https://smartenergycc.org 32 32 “Electric Vehicles: Exploring Consumers’ Cost Concerns” Survey Now Available https://smartenergycc.org/electric-vehicles-exploring-consumers-cost-concerns-survey/?utm_source=rss&utm_medium=rss&utm_campaign=electric-vehicles-exploring-consumers-cost-concerns-survey Wed, 08 May 2024 14:30:08 +0000 https://smartenergycc.org/?p=31991 The post “Electric Vehicles: Exploring Consumers’ Cost Concerns” Survey Now Available appeared first on Smart Energy Consumer Collaborative.

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LATEST NEWS

Electric Vehicles: Exploring Consumers’ Cost Concerns Survey Now Available

May 8, 2024
Latest News


Topics
Snapshot Survey, EVs


Press Release





Latest survey in the Smart Energy Snapshot Series provides insights for electricity providers on educating consumers about the cost benefits of electric vehicles

Fifty-four percent of Americans who do not currently own an electric vehicle (EV) are interested in purchasing one in the future; however, 64 percent cite the purchase price as a significant barrier to ownership, according to the latest survey from the Smart Energy Consumer Collaborative (SECC), a nonprofit organization that studies Americans’ energy-related behaviors, interests and values.

The “Electric Vehicles: Exploring Consumers’ Cost Concerns” survey – the fourth installment in SECC’s Smart Energy Snapshot Series – was fielded to a nationally representative sample of 1,539 respondents in late March as stories about declining consumer interest in EVs made headlines. The new survey explores the cost barriers that consumers may face in the shift to electric transportation and how affordability impacts consumers’ willingness to move away from gas-powered vehicles.

Beyond the purchase price, consumers also have concerns about the cost of installing an EV charger at home (55 percent), unexpected battery costs (48 percent), the cost of electricity (42 percent) and maintenance costs (38 percent), which are known to be less over the lifetime of the vehicle compared to gas-powered cars. When asked to select a single cost barrier that was the most impactful, a plurality of consumers (40 percent) cited the purchase price, with unexpected battery costs a distant second at 14 percent.

An infographic highlighting the key figures from the “Electric Vehicles: Exploring Consumers’ Cost Concerns” survey can be viewed here, and a slide deck with the full survey findings is available exclusively for SECC’s membership here. In addition, we will be hosting a webinar on Wednesday, May 15 at 1 p.m. (ET) on the key findings of this Snapshot Survey with guest speakers from Austin Energy, SELCO and Puget Sound Energy (PSE).

More Info


2020 Howell Mill Road NW
Suite D-260
Atlanta, GA 30318
(844) 644-0107

Press inquiries, please contact Jonathan Field.

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]]> Electric Vehicles: Exploring Consumers’ Cost Concerns Infographic https://smartenergycc.org/electric-vehicles-exploring-consumers-cost-concerns-infographic/?utm_source=rss&utm_medium=rss&utm_campaign=electric-vehicles-exploring-consumers-cost-concerns-infographic https://smartenergycc.org/electric-vehicles-exploring-consumers-cost-concerns-infographic/#comments Tue, 07 May 2024 17:00:26 +0000 https://smartenergycc.org/?p=31977 The post Electric Vehicles: Exploring Consumers’ Cost Concerns Infographic appeared first on Smart Energy Consumer Collaborative.

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Infographic

Electric Vehicles: Exploring Consumers’ Cost Concerns Infographic

The “Electric Vehicles: Exploring Consumers' Cost Concerns” survey seeks to understand how affordability impacts consumers’ willingness to switch away from gas-powered vehicles. This Snapshot Survey explores some of the challenges consumers face on the road to electric transportation and reveals insights on educating consumers about the cost benefits of electric vehicles (EVs).

Fielded to a nationally representative sample of 1,539 respondents in late March, this survey found that 54 percent of consumers who don’t currently own an EV are open to owning one in the future. However, costs continue to be a significant impediment to adoption, particularly purchase price, which 40 percent of current non-owners of EVs cite as the single largest cost barrier to ownership.

View the infographic here to discover more of the top findings and figures from “Electric Vehicles: Exploring Consumers' Cost Concerns”, including consumer awareness of tax credits and rebates for purchasing an EV. Members are also encouraged to download the slides for the complete survey results.