Drivers buy into electric dream

Sales of electric vehicles are expected to boom in the coming twelve months – with as many as four in ten new car buyers opting for EV next time out.

That’s according to the latest EY Global Mobility Consumer Index (MCI), a survey of more than 9,000 respondents from thirteen countries.

It represents an increase of eleven per cent on November’s MCI – and nearly eight in ten of those who already own an EV say their next car purchase will also be an EV.

Overall, 50% of those surveyed say they expect to buy a car (EV or combustion engine), up 17 per cent from November, with 65% saying that they would buy one in the nexttwelve2 months.

The survey also reveals that concern about the environment is the top reason for buying an EV, with 78% also stating that the COVID-19 pandemic has heightened awareness and concerns about environmental issues.

Fifty-three percent of those looking to buy an EV feel that it is their responsibility to reduce their personal environmental impact, and 54% feel that buying an EV is one way to achieve this.

Sixty-six percent of all consumers say they are willing to pay a premium for an EV, increasing to 91% among those who are looking to buy an EV as their next car. However, cost of ownership emerges as the top detractor for those who do not plan to buy an EV (50%).

For more, read this week’s Connacht Tribune.

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