agent Entrepreneur logo
MenuMENU
SearchSEARCH

EVs on Their Minds

Poll finds majority of global consumers in the market for electrifieds.

January 15, 2025
EVs on Their Minds

Consumers’ interest in EVs are in part due to perceived lower operational costs and environmental sustainability concerns, the survey found.

Credit:

Pexels/Pixabay

1 min to read


Electric vehicles are on the minds of more consumers, at least on a worldwide basis, according to new poll results.

The Tata Consultancy Services study found that six out of 10 consumers are likely or very likely to consider an EV as their next vehicle. It revealed the survey results at the Detroit Auto Show, taking place through Jan. 20.

Ad Loading...

The high percentage – 64% – defies persistent hesitations on the part of many consumers about pure electric vehicles or plug-in hybrids, namely insufficient charging infrastructure and higher sticker prices.

More than 1,300 consumers were polled in the U.S. and Canada, plus the United Kingdom and Ireland, continental Europe, and Asia. Those polled also included transport manufacturers, charging infrastructure players, fleet adopters and EV adoption influencers.

Tata, an India-based company that specializes in information technology and consulting services, said 56% of survey respondents said they’re prepared to pay up to $40,000 for an EV.

Key factors in consumers’ interest in EVs are what Tata identifies as lower operational costs, in addition to environmental sustainability concerns, though it said nearly half of EV influencers polled believe EVs increase negative environmental impacts as much as they curb them.

More Industry

Hyundai logo and 40 Years in America in front of a starry background
Industryby Lauren LawrenceMarch 5, 2026

Hyundai Celebrates U.S. Milestone

The South Korean automaker said it supports 570,000 jobs in the U.S. with a planned investment of $26 billion between 2025 and 2028, according to President and CEO José Muñoz.

Read More →
Showroomby Lauren LawrenceMarch 4, 2026

Used-Vehicle Program Aims to Draw More Buyers

GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Meet the Editor: Hannah Mitchell

A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.

Read More →
Ad Loading...
Summit Updatesby StaffMarch 2, 2026

Enhance Your Dealer's F&I Workflow at Agent Summit

This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Auto Brands Hold the Line on Retention

A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.

Read More →
F&Iby Lauren LawrenceFebruary 27, 2026

Price Driving Insurance Churn

Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 26, 2026

AI Drives Dealer Website Traffic

Total visits to dealer websites from generative artificial intelligence platforms grew more than 15 times year-over-year, signaling a shift in how many consumers shop for cars online.

Read More →
Industryby Hannah MitchellFebruary 26, 2026

Automakers Tops in Fuel Economy

In the U.S., Honda has the most efficient gas-electrified combo lineup while Tesla beats all automakers in annual EPA ranking as brands built their alternative-fuel offerings.

Read More →
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Ad Loading...
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →