agent Entrepreneur logo
MenuMENU
SearchSEARCH

New Index Shows EVs Have Gained Ground

But multiple obstacles stand in the way of widespread adoption.

December 19, 2022
New Index Shows EVs Have Gained Ground

But multiple obstacles stand in the way of widespread adoption.

1 min to read


A J.D. Power report shows that the cost and experience of owning electric vehicles have almost come in line with those of their gas-powered counterparts.

The new monthly J.D. Power EV Index measures six indicators of EV ownership, plus includes an “overall” score. Its first installment shows that affordability and ownership experience score high, at 86 and 89, respectively. But the overall EV score of 47 indicates mainstream EV adoption faces multiple roadblocks. J.D. Power indicates that scores of 100 indicates parity achievement.

Ad Loading...

Consumer interest, availability, adoption and infrastructure all score relatively low on the index, pointing up obstacles, not the least of which is charging availability, as the lack of adequate EV charging stations can create “range anxiety” in people who might otherwise make the switch from internal-combustion-engine vehicles.

The industry's recent EV bug has also given some car dealers pause as carmakers go full bore in racheting up EV model launches and production, pushing dealerships to prepare for the transition. Even Toyota CEO Akio Toyoda said this week that EVs aren’t the only path into the future and that he believes he’s not alone among industry leadership – he called them the “silent majority.”

READ MORE: Toyota to Adjust EV Strategy

Originally posted on Auto Dealer Today

More Industry

Two white men's shaking hands
Industry•October 15, 2026

Penske Auto Group Deal a Record

The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.

Read More →
Rows of cars parked in exterior lot
Industry•by Hannah Mitchell•October 8, 2026

War Toll a Damper on Used Auto Prices

Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.

Read More →
Mechanic cleaning interior of engine
Industry•by Lauren Lawrence•October 8, 2026

Bridge the Maintenance Gap

With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.

Read More →
Ad Loading...
Ford F-150 truck rounding a curve
Industry•by Hannah Mitchell•October 1, 2026

California Store Has New Owner

The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.

Read More →
crane lowering a pipeline into the ground
Industry•by Lauren Lawrence•October 1, 2026

BMW Plant Pursues Cleaner Energy

BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.

Read More →
Two dodge cars outside of dealership.
Industry•by Lauren Lawrence•September 17, 2026

Auto Affordability Inches Up

The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.

Read More →
Ad Loading...
Five men smiling for photo in front of Honda car dealership.
Industry•by Lauren Lawrence•September 10, 2026

Ohio Auto Group Under New Ownership

After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.

Read More →
Blue and white RV parked on beach facing the ocean.
Industry•by Lauren Lawrence•September 3, 2026

RV Group Expands Carolina Footprint

Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.

Read More →
Photo of two men and one woman on a discussion panel
Industry•by Hannah Mitchell•September 1, 2026

Agent Acumen

An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.

Read More →
Ad Loading...
Gloved hand holding two wrenches next to “Turn Overdue into Opportunity” Graphic
Industry•by Lauren Lawrence•August 27, 2026

Missed Maintenance Creates Opportunity

As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.

Read More →
Ad Loading...