29 Apr '17, 3pm

Gas2 Week in Review: Electric Cars and their Effects on the Marketplace

If 15% of possible U.S. car buyers are considering electric cars for their next purchase, that could translate into 30 million people, or 1/7 of the U.S. car buying population. Those numbers come from the American Automobile Association, which conducted a survey of 1,004 Americans to determine how they feel about electric cars. The results? Electric cars have real appeal due to lower ownership costs and compatibility with emerging autonomous technologies. The results were interesting because respondents continued to lean toward electric cars even as gas prices remain relatively low. This longitudinal study indicates interest among millennials was somewhat higher than the average, with millennials showing concern for the environment, lower long term costs, desire for the latest technology, and access to car pool lanes. The fear of running out of battery power while away fro...

Full article: http://gas2.org/2017/04/29/gas2-week-review-electric-cars...

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