EV owners: “My other car isn’t an EV”
Most electric-vehicle owners have another car that runs on good old-fashioned gasoline.
For consumers who have made the leap to an electric vehicle, it looks like they aren’t quite prepared to ditch internal combustion engines altogether.
Experian’s Q2 2024 Automotive Consumer Trends Report took a look at the households that had an electric vehicle, and found that 89% had at least two vehicles. But only 12% of EV households had a second EV.
A whopping 81% of EV households also owned a gas-powered car, and 14% owned a hybrid as a second vehicle.
Consumers may be holding back due to the current state of EV charging, which is falling behind federal goals for electrifying America’s highways.
Experian also reported that the EV market is continuing to expand. According to the report, more than 3.5 million EVs are currently on the road, an increase from 2.7 million a year ago.
Even though EV owners night not be willing to go totally electric for all their cars, they aren’t reverting entirely to gas-powered cars, either — 77.4% of EV owners who replaced their car in the past year purchased another EV (though another survey found they might not replace their Tesla with another Tesla).
