Americans still prefer gas vehicles over hybrid or EVs

admin admin | 05-31 16:20

60% 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.
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 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.

60% 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.

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