Electric Vehicle Buying Interest Declines for First Time Since 2021: Report

There was a markedly lower interest in EVs among people buying their first car compared with people who already had a vehicle.

A 2024 Tesla all-wheel-drive vehicle sits in the display room at a Tesla dealership in Phoenix, Ariz., on Feb. 1, 2024. (Allan Stein/The Epoch Times).

American consumer interest in buying electric vehicles (EVs) dipped over the past year because of concerns about charging facilities and high purchase prices, according to a recent study by automotive data and analytics firm J.D. Power.

This year, 24 percent of surveyed shoppers said they were “very likely” to consider buying an EV, down from 26 percent a year ago. In addition, 58 percent said they were “overall likely” to purchase an EV, a decline from 61 percent in 2023.