Tuesday, April 12, 2022

TrueCar: Fuel Prices Spurring Unprecedented Interest In Electric Vehicles

Santa Monica-based online car selling marketplace TrueCar said today that it has run a study of 1,000 U.S. adults about their attitudes and shopping behaviors in regards to electric vehicles, and has found--unsurprisingly--that the recent rise in fuel prices has spurred "unprecedented" interest in electric vehicles. The company said survey found that the proportion of consumers who say they are "extremely likely" to purchase an EV increased by 50% from July 2021 (from 14% to 21%). In addition, it reported that, in the last month, it has seen a 380% increase in EV prospects year-over-year and a 180% jump year-over-year for hybrids. TrueCar also said that it found in its survey that, among those planning to make a purchase in the next six months, two-thirds say they are now more likely to consider an EV.