Skip to main content

Consumers won’t pay extra for electric cars, according to study

Image used with permission by copyright holder

Almost every major car manufacturer has electric vehicles (EVs) in the works, but they may be in for some trouble ahead. A new survey shows that though more than half of consumers may consider buying an electric car, almost no one is willing to pay extra for it. Only 9 percent of respondents would pay even $2,000 more for an EV, reports Automotive News. This isn’t just a U.S. study either. It was conducted in by surveying 13,500 people in 17 different countries.  

In the U.S., 54 percent of respondents were willing to consider an EV, but 78 percent of people wouldn’t spend over $30,000 for one. Moreover, the current crop of EVs may not be good enough. Most consumers want at least 200 miles on a single battery charge, but early models are only achieving about 100. Finally, charging time has to be under two hours. Current vehicles take up to 8 hours to get a full charge on a 240-volt system and up to 20 hours on a standard 110-volt electric plug. 

Recommended Videos

So what does all this mean? Well, maybe nothing, but electric cars could face a some problems unless they hit the price and range of gas vehicles. Then, of course, there’s the problem of charging stations. We’re going to need to litter the country with them, but the process will take years. All in all, it looks like we might spend the better part of this decade warming up to electric cars. 

What do you think? Would you buy an EV. If so, what range and price would it have to hit?

Jeffrey Van Camp
Former Digital Trends Contributor
As DT's Deputy Editor, Jeff helps oversee editorial operations at Digital Trends. Previously, he ran the site's…
Location data for 800,000 cars exposed online for months
VW logo.

A data leak led to around 800,000 Volkswagen (VW) electric vehicles (EVs) having their location exposed online for several months, according to a report by German news magazine Der Spiegel.

The global incident impacted owners of EVs from VW, Audi, Seat, and Skoda, with real-time location showing for the affected vehicles, whether they were at home, driving along the street, or, in the words of Der Spiegel, parked “in front of the brothel.”

Read more
Faraday Future could unveil lowest-priced EV yet at CES 2025
Faraday Future FF 91

Given existing tariffs and what’s in store from the Trump administration, you’d be forgiven for thinking the global race toward lower electric vehicle (EV) prices will not reach U.S. shores in 2025.

After all, Chinese manufacturers, who sell the least expensive EVs globally, have shelved plans to enter the U.S. market after 100% tariffs were imposed on China-made EVs in September.

Read more
Hyundai Ioniq 9 vs. Tesla Model Y: Does electric SUV beat the bestselling EV?
Hyundai Ioniq 9 driving

The long-awaited Hyundai Ioniq 9 is finally on the way, after months of waiting for what many hope will be a  true competitor to the Kia EV9. The electric SUV is likely to be one of the go-to options for those who want a larger EV at a lower price than the likes of the Rivian R1S. But, while it's larger than the Tesla Model Y, it's also likely to be a little more expensive.

The two vehicles are a bit different when it comes to things like performance, range, and charging. Is the Hyundai Ioniq 9 worth the extra cash, or should you go for the cheaper, yet smaller car? We put the two head-to-head to find out.
Design
The overall designs of the Hyundai Ioniq 9 and Tesla Model Y are pretty different, and that may be enough to sway your buying decision. The Ioniq 9 is a true SUV; it's big and boxy, and while it looks a little sleeker than some SUVs thanks to its curved roofline, it's clearly larger than the Tesla Model Y. At the front of the Ioniq 9 is a long light bar separated into pixel-like blocks that helps give the vehicle a unique design motif. At the rear of the Ioniq 9, you'll also find pixel lights curving around the sides and top of the trunk. The Ioniq 9 measures 199.2 inches long, 78 inches wide, and 70.5 inches high.

Read more