Despite increasing EV sales, reaching 9.1% of all new cars, J.D. Power anticipates flat demand growth due to uncertainties around tax credits and tariffs. These concerns highlight the essential role of incentives in both the pricing and infrastructure development for EVs. The study indicates that over half of buyers consider tax credits crucial for their purchase decision. However, satisfaction among EV owners is notably high, with 94% indicating they would buy another EV. U.S. market scores show strong appreciation for EV experiences, despite looming regulatory pressures.
EVs now account for 9.1% of new U.S. car sales, but uncertainty over tax credits may keep demand flat this year.
Despite potential changes in regulations affecting pricing, 94% of EV owners plan to purchase another electric vehicle.
Owner satisfaction remains high, as shown by J.D. Power's survey rating U.S. and premium EVs with scores of 725 and 726, respectively.
Brent Gruber indicates that eliminating EV tax incentives could severely hinder the affordability and adoption of electric vehicles.
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