Summary
Studies show that American consumers are more interested in buying electric vehicles (EVs) if they meet their needs and preferences. A report by HSBC and a survey by Deloitte highlight several barriers to EV adoption in the U.S., such as high costs, charging concerns, and changing government policies. Automakers are investing heavily in developing EVs, but many American consumers still prefer traditional gasoline or diesel cars.
Key Facts
- HSBC's report indicates Americans will buy more EVs if they are appealing and meet consumer preferences.
- U.S. EV adoption faces challenges like the end of government incentives and changing regulations.
- The Trump administration relaxed fuel economy standards in 2025, affecting EV market growth.
- Automakers invested billions in EV development; Ford reported a $19.5 billion loss from EV investments.
- Deloitte's survey found 61% of U.S. consumers plan to buy gasoline or diesel cars, not EVs.
- Concerns like battery range, charging time, and cost hinder Americans from adopting EVs.
- U.S. median EV battery range has grown 12% since 2020, and further improvements are expected.
- The 2021 Bipartisan Infrastructure Law allocated over $7.5 billion for EV charging infrastructure.
