According to data from AutoPacific’s 2019 Future Attribute Demand Study, only about 3% of new vehicle owners say they want a fully electric powertrain in their next vehicle. Overall consumer intention for EVs remains low as cost and required behavioral changes deter mainstream consumers, making widespread adoption still many years away.
Despite low demand, electrification will continue to grow, particularly as other global markets help shape the future of automotive in the US. This means that the next few years will be a very exciting time for EV fans, as consumers will soon have an abundance of EV offerings from which to choose. However, until demand increases, this also means a smaller average piece of the pie for each entry:
In 2018, there were 15 EV nameplates on sale.
In 2024, there will be at least 86 EV nameplates on sale!
Source: AutoPacific 2019 Q3 Sales Forecast