FI showroom red and grey logo
MenuMENU
SearchSEARCH

More Shoppers Eyeing EVs

J.D. Power study found interest has surged due to more affordability and availability in the segment.

January 5, 2024
More Shoppers Eyeing EVs

J.D. Power said it believes the industry is now in a good spot to win over consumers who've clung to the gas-powered model.

IMAGE: Pixabay/distel APPArath

1 min to read


Consumer interest in electric vehicles, though slower to gain steam than manufacturers had anticipated, nevertheless is gaining.

A J.D. Power survey found 29% of consumers say they’re very likely to consider an EV as their next purchase or lease, the biggest percentage in nearly a year and a half.

Ad Loading...

The researcher credited increased production of lower priced Ford F-150 pickup trims and price cuts last year by U.S. EV market leader Tesla.

Large automakers started scaling back on EV production plans last year as consumer demand flattened, some switching focus to more hybrid production. Legacy brands have targeted all-electric lineups by next decade but haven't at least publicly backed away from those.

So far, the typical EV buyer has been in the early-adopter segment, and brands must now work on convincing the mass market to make the switch from gas-powered models. Surveys have consistently shown, though, that consumers resist it due to battery range and affordability concerns.

J.D. Power said it believes the industry is now in a good spot to win them over, indicating that "consumer interest, availability and affordability are all hitting the highest levels we’ve seen" in the past year. It said affordability has come in line with gas-powered vehicles due to tax breaks and Tesla's price cuts.

DIG DEEPER: EV Interest Flat

 

Originally posted on Auto Dealer Today

More Showroom

Phot of a dark Kia vehicle interior with steering part of steering wheel and dashboard
Showroomby Hannah MitchellJune 29, 2026

Focus on Vehicle Cabins

The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.

Read More →
Photo of multiple new SUVs on a car dealership lot
Showroomby Hannah MitchellJune 22, 2026

State Follows Federal Warning on Auto Ads

The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.

Read More →
Map of Europe next to back of EV car.
Showroomby Lauren LawrenceJune 22, 2026

European EV Market Hits Record

Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.

Read More →
Ad Loading...
Person pumping gas into car.
Showroomby Lauren LawrenceJune 17, 2026

Used EVs Outpace New

While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.

Read More →
Dodge emblem on orange vehicle
Showroomby Hannah MitchellJune 15, 2026

New Vehicles Down for Most Brands

Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.

Read More →
Photo of the back of an electric Mercedes
Showroomby Hannah MitchellJune 10, 2026

Auto Prices Ride May Moderation

Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.

Read More →
Ad Loading...
Orange Mitsubishi car on grass
Showroomby Lauren LawrenceJune 8, 2026

Mitsubishi Sets Growth Strategy, Structural Transformation

The Japanese automaker aims to 'strengthen products and technologies that embody its brand identity,' focus on its strongest markets and expand value-chain businesses 'that leverage its unique strengths.'

Read More →
inside of car, view of steering wheel with hands on it driving
Showroomby Lauren LawrenceMay 29, 2026

Affordable, Safe Cars for Teen Drivers

Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.

Read More →
Gray-scale photo of a line of Mini cars in a dealership parking lot
Showroomby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
Ad Loading...
exterior daytime image of Porsche North Miami dealership
Showroomby Lauren LawrenceMay 22, 2026

Holman Opens Porsche Dealership in Miami

The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.

Read More →