• 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
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Even Shell Agrees with Climate Change!
  • 8 days America should go after China but it should be done in a wise way.
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days World could get rid of Putin and Russia but nobody is bold enough
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Is This the Death of the American Penny?

Is This the Death of the American Penny?

Inflation has devalued the US…

Exxon Threatens to Derail Chevron's Acquisition of Hess

Exxon Threatens to Derail Chevron's Acquisition of Hess

Exxon is challenging Chevron's acquisition…

Two-Thirds Of Americans Are Interested In Electric Vehicles

Some 66 percent of Americans are interested in electric cars thanks to the generous investment plan of the Biden administration for boosting EV adoption, a survey by marketplace Cars.com has revealed.

The plan envisages spending $174 billion on EV-related initiatives, including building a network of half a million charging stations across the country by 2030.

"Interest in EVs is growing, yet remaining barriers indicate mainstream adoption is still about a decade away," Aaron Bragman, Cars.com's Detroit bureau chief, said in the press release on the survey.

"Today, only 1% of total search share on Cars.com is for EVs. However, the growing lineup of electric pickup trucks and SUVs, plus the current administration's support of the EV market, will continue to accelerate much-needed consumer awareness and could lead to a positive shift in buying habits in the near future."

SUVs seem to be the key to many potential buyers. According to the survey, a fifth of Americans are opting for a gasoline car because it is an SUV, while the SUV lineup in EVs is almost absent. Yet there are several electric SUVs soon to hit markets, including Tesla's Model Y, the Volkswagen ID.4, and the Mustang Mach-E SUV.

The United States was the only big EV market where sales fell last year, Insider reported recently. While global sales surged by 45 percent, it was in Europe and China that the surge occurred. In the U.S., meanwhile, EV registrations fell by 6 percent, according to data from the Munich Mobility Show.

Among the problems that Cars.com's survey respondents identified with EVs were range, which stopped 32 percent of respondents from buying an electric car, and the lack of charging stations, which discouraged another 32 percent from an EV purchase. Yet, the biggest obstacle remains the price, even with the tax incentives that the government offers EV buyers. Some 34 percent of respondents said they wouldn't buy an EV because of the price.

By Irina Slav for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:



Join the discussion | 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