AAA’s Post

Several factors are driving EV consumer hesitancy, including a lack of affordable models, range anxiety, charging time, poor availability of charging infrastructure, fear of high maintenance costs and concerns over resale value. Of these factors, the slow rollout of charging infrastructure has emerged as one of the top causes of EV hesitancy among car buyers. The 2024 EY Mobility Consumer Index (MCI) survey offers valuable insights into the answers. #energytransition #electricvehicles #electrification #batteries

How to retake the momentum in the EV transition https://lnkd.in/e6CX5-RR

EV Adoption Hits Lowest Point Since 2021 Despite Record Availability and Price Reductions, J.D. Power Reports; Consumer Interest Declines Due to High Prices, Lack of Charging Infrastructure, and Range Anxiety ❓ Will this trend continue? #EVAdoption #ElectricVehicles #ConsumerTrends https://lnkd.in/dcf8hERt

Canadian interest in EVs dropped for the second straight year according to J.D. Power Canada’s recent consumer survey. The main reasons cited for rejecting an EV are concerns with driving range (68%), the higher cost (61%), and a lack of public charging station availability (60%). Failing to address these challenges while simultaneously mandating EV sales is a recipe for failure. An honest conversation about the barriers to adoption and how to manage the transition to electric is long overdue. https://lnkd.in/e8hfKJ68

Change-resistors resist change; boo-birds gonna boo. Meanwhile: • the same study says “Among those who have test-driven, borrowed, or rented an EV, 36% are “somewhat likely” or “very likely” to consider buying one. Quebec and British Columbia, both of which offer provincial rebates for EVs and plug-in hybrids (PHEVs), saw the highest percentage of shoppers interested in an EV. In Quebec, it was 40%; while B.C. hit 33%" • the purchase prices of EVs are dropping as more manufacturers introduce more models... meanwhile, legacy vehicle manufacturers lobby for protectionist tariffs which drive up consumer prices • EV ranges keep expanding…almost tripling over the decade 2010-2021, and battery technology advances are steadily pushing ranges upward https://lnkd.in/ezeNtdbg • EV cost of operation, maintenance and ownership are lower than legacy internal combustion vehicles https://lnkd.in/em2Z9Wd2 • Canadian EV sales in 2023 reached 12% of new sales in Q3 2023 (and maintained that in Q1 2024). For the year 2023 as a whole, they were 10.8%, up from 8.2% in 2022 and 6,5% in 2021. (In BC and Quebec, EVs are over 20% of new passenger vehicle sales) https://lnkd.in/eAzHTnmc • Canadian public charging networks expanded by 33% in 2023, breaking the 27,000 charger mark (PS: over 80% of charging is done at home, mostly at night; not at public chargers) https://lnkd.in/eM7F2zJW

…Car buyers have a lot of questions and concerns about switching to EVs outside of range and charging worries. Electric vehicle battery degradation, and the high cost of replacing a dead EV battery, is something many buyers have anxiety about. Maybe it’s time to stop worrying, according to new research that shows modern EV batteries are likely to last 20 years—or more—before needing to be replaced#ev

What are the contributing factors for cost savings with an EV. This article breaks that out by area. https://lnkd.in/e8sHGgnU

Efficiency can cut EV prices by $5k, charging costs by nearly a third Increased EV efficiency isn’t just better for the environment. It’s also better for owners’ wallets, reports the American Council for an Energy-Efficient Economy (ACEEE). In a new white paper, the group notes that boosting efficiency allows for smaller battery sizes, which in turn cuts costs. Most EVs average 2.5 miles per kwh, according to the https://lnkd.in/d4hKQiFF

🌍⚡Germany's recent drop in EV sales should serve as a stark reality check for the U.S. Continuing to push for an all-electric vehicle future while ignoring the glaring problems will leave the backbone of this country unable to thrive. The state of EV adoption is lagging overly-ambitious climate mandates, and as subsidies disappear, affordability and accessibility issues arise, exacerbated by high up-front costs and a lack of charging facilities. The solution lies in diversifying our energy portfolio. By expanding our options beyond just electric vehicles, we can ensure a more sustainable and inclusive transition to cleaner transportation. + Read the full article: https://lnkd.in/gr8dUNfT -------------------------------------------------------------- #EVRealityCheck #AffordabilityMatters #AccessibleFuture #SustainablePath

Fantastic write up by Tom Narayan at RBC Capital Markets on why the EV revolution continues to pick up speed despite short-term volatility. Lower costs, additional higher quality offerings and a growing robust energy infrastructure provide a backdrop for a bright EV future. At aetherEV we are here to help support the continued build out of sustainable EV infrastructure. #rbc #EV #aetherEV #sustainability