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Market
Most common reason cited for purchasing an EV in consumer surveys by end of 2024
5
Resolution / Starting Odds
Cost savings • 33%
Environmental concerns • 33%
Performance/Technology • 33%
Consumer surveys from sources like J.D. Power or automotive industry reports
Story
Bloomberg: EVs with 300-Mile Range, Including Chevy Blazer EV, Now Cheaper Than Average US Car
Jun 7, 2024, 01:03 PM
The electric vehicle (EV) market in the United States is witnessing a significant shift as multiple brands now offer EVs with a range of 300 miles for less than the cost of the average new car. This development marks a key milestone in price parity between electric and gas-powered vehicles. Notably, the lease prices for the Chevy Blazer EV have dropped to nearly the same as its gas-powered counterparts. This trend is highlighted by Bloomberg, noting that long-range EVs are now cheaper than the average new car in the US, offering additional savings on fuel and maintenance costs.
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More positive • 33%
More negative • 33%
Unchanged • 34%
Price cuts • 25%
New model releases • 25%
Increased competition • 25%
Economic conditions • 25%
Yes • 50%
No • 50%
Significant increase in EV prices • 50%
No significant increase in EV prices • 50%
Tesla • 25%
Ford • 25%
General Motors • 25%
Others • 25%
Increase significantly • 25%
Increase moderately • 25%
Remain stable • 25%
Decrease • 25%
Yes • 50%
No • 50%
Increase in domestic production of EVs • 50%
No significant change in domestic production of EVs • 50%
Shift to non-Chinese brands • 25%
Decrease in overall EV purchases • 25%
Increase in purchases of used EVs • 25%
No significant change • 25%
High interest • 33%
Moderate interest • 33%
Low interest • 34%
