• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 9 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 13 mins The United States produced more crude oil than any nation, at any time.
  • 20 hours China deletes leaked stats showing plunging birth rate for 2023
  • 3 hours The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Bad news for e-cars keeps coming
China's Oil Demand Threatened by LNG Trucks

China's Oil Demand Threatened by LNG Trucks

The boom in LNG trucking…

Chinese EV Stocks Tank on Tariff Drama

Chinese EV Stocks Tank on Tariff Drama

The European Union is expected…

Could Deflecting the Sun Help Cool the Planet?

Could Deflecting the Sun Help Cool the Planet?

Scientists conducted a pilot test…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

Millennials Drive EV Adoption in the U.S.

  • The adoption of EVs in the U.S. is a generation question.
  • Millennials and Generation Z are buying most EVs in the U.S.
  • EV sales only make up a fraction of total car sales in the U.S.
Millennials Drive EV Adoption in the U.S.

The decision to switch from a fossil-fuel-powered car to a more emission-friendly model can be governed by a variety of factors, ranging from monetary to ideological. As Statista's Florian Zandt reports, a recent survey from Statista's Consumer Insights suggests that the adoption of plug-in hybrid (PHEV) and battery electric vehicles (BEVs) can also be seen as a generational question, at least in the United States.

Infographic: Who Owns Electric Cars? | Statista

You will find more infographics at Statista

For example, 22 percent of U.S. respondents born between 1980 and 1994 have an electric vehicle as a primary car in their household, while 10 percent own a BEV.

Gen Z shows a similar enthusiasm for e-mobility, with a total of 14 percent reporting either a PHEV or BEV in their household.

Survey participants belonging to the baby boomer generation born, in the case of this specific survey, between 1960 and 1964 had a significantly lower interest in switching to electric models, with only three percent owning a PHEV and one percent having a BEV as the primary household car.

Despite underlying sustainability issues like the sourcing of rare earth materials and cobalt, lithium and nickel, which are also used in the production of many other industrial or consumer electronics, fleet electrification is seen as an important step to decarbonize the emission-intensive transport and logistics sector. With large car companies introducing a wider range of PHEV and BEV models to their portfolio and leading U.S. BEV producer Tesla ramping up sales numbers over the past couple of years, progress towards this goal has increased significantly between 2020 and 2023 in the United States.

However, EV sales only make up a fraction of total car sales. For example, data from WardsAuto released by the Argonne National Laboratory shows 1.4 million cars with plug-in hybrid or fully electric drive sold in the U.S. in 2023, the majority of which are BEVs. Overall sales of light trucks and passenger cars amounted to between 13.5 and 15.5 million in the same year, depending on the source.

By Zerohedge.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News