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Americans still prefer gas vehicles over hybrid or EVs, study shows
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Americans still prefer gas vehicles over hybrid or EVs, study shows
May 30, 2024 2:23 PM

May 30 (Reuters) - Americans still prefer to buy a

standard gas vehicle over a hybrid or an electric vehicle even

with the same price and features, a KPMG study said on Thursday.

Only one-fifth of people surveyed said they would purchase

an EV over a gas-powered vehicle or hybrid vehicle.

The show of preference comes amid a global slowdown in

demand for electric vehicles, resulting in global automakers

such as Ford, General Motors ( GM ) and Mercedes

rethinking their EV plans.

The study shows a gap in expectations between U.S. consumers

and auto industry executives for EV charging times during road

trips.

Sixty percent of U.S. consumers want charging in 20 minutes

or less compared with 41% who are willing to wait longer

according to auto executives, the study said.

The study also found fewer consumers are likely to pay for

self-driving features and entertainment as compared to safety,

Wifi and charging locator.

KPMG's American Perspectives Survey includes auto insights

as part of a broader KPMG cross-industry survey of 1,100 U.S.

adults nationwide on the economy and changing consumer

preferences.

(Reporting by Kannaki Deka in Bengaluru; Editing by Arun

Koyyur)

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