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Leading reasons inhibiting EV purchase worldwide, 2022

Leading reasons inhibiting EV purchase worldwide, 2022 | HolonIQ
Lack of charging points and range anxiety among leading reasons preventing consumers purchase of EVs

Leading reasons inhibiting EV purchase worldwide, 2022

Source

EY

Date

11 May 2022

Notes

Consumer concerns hinder EV adoption, with 34% citing limited charging stations in cities as a primary obstacle. Range anxiety, which is the fear of the limited distance an EV can travel on a single charge, follows closely at 33%. Additional barriers include upfront costs, lack of home/work charging, and charging expenses. Addressing these concerns will be vital for EV market growth.

License

CC BY 4.0 DEED