The world's car buyers are ready to go electric

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The world's car buyers are ready to go electric
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Consumer interest in electric vehicles has hit a global tipping point, with more than half of car buyers saying they want their next car to be an EV. But Americans still aren't as enthusiastic as consumers in Europe and Asia.

For the first time in the poll, 34% of respondents identified rising penalties on conventional cars as a key factor in their purchase decision, E&Y found.range anxiety, especially for second-time EV owners, the survey showed.What they're saying:

“These findings truly mark a tipping point in the global car-buying market," said Randy Miller, leader of the firm's advanced manufacturing and mobility practice. "There is no doubt that global gas price rises have played their part in making internal combustion engines more expensive, but environmental concerns also remain top of the list of motivators."

“The old issues of worrying about charging infrastructure and the range of EVs will soon come to an end."In the U.S, electric vehicles accounted for a record 4.6% of new car registrations in the first quarter of 2022 — nearly double last year's 2.4%, according to new data from S&P Global Mobility. But EV ownership varies widely throughout the country, ranging from 14.7% in Los Angeles to 1.6% in Detroit.There are now 1.44 million electric vehicles in operation in the U.S. right now, up a whopping 40% from last year.Axios on facebook

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