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【Summary】The global market share of electric vehicles (EVs) is expected to increase to 18% by 2023. Environmental benefits and familiarity with EV ownership are key factors influencing purchasing and rental decisions. Approximately 2% of American drivers currently use an EV, but 71% of those knowledgeable about EVs plan to purchase or rent one as their next vehicle.

FutureCar Staff    Aug 20, 2023 6:45 AM PT
Car-sharing, entrepreneurship, future, EVs

The International Energy Agency predicts that the number of electric vehicles (EVs) sold worldwide in 2022 exceeded ten million. This number is expected to increase by 35% by the end of 2023, reaching a total of 14 million EVs sold annually. As a result, EVs are projected to capture an 18% share of the global automotive market, a significant increase from the 4% share they held in 2020. The trend towards electrification is clearly gaining momentum.

A recent survey conducted by Consumer Reports in April 2022 shed light on the factors influencing purchasing and rental decisions for EVs. The survey included responses from 8,027 US adults and revealed that only around 2% of American drivers currently use an EV. Among those surveyed, 51% cited environmental benefits as a key motivation for considering a switch to an EV. This finding is not surprising, given the growing concern for climate change and the desire to reduce carbon emissions.

Another important factor identified in the survey was familiarity with EVs. Approximately 67% of respondents who expressed interest in purchasing or renting an EV considered themselves to be either "very" or "somewhat" aware of what the ownership experience entailed. This suggests that a significant portion of consumers have already educated themselves about the advantages and challenges of owning an EV.

Furthermore, the survey revealed that 71% of respondents who were knowledgeable about EVs stated that their next vehicle would be an electric one. This indicates a strong intention among those who are already familiar with EVs to make the switch in the near future.

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