'Range anxiety': What’s driving a lack of interest in electric vehicle sales?
A recent survey by AutoTrader found consumer demand for an EV is down for a second straight year.
The online survey of 1,600 Canadians over the age of 19 was conducted in February and March 2024.
Respondents were asked: Would you consider an electric vehicle for your next car purchase?
“68 per cent said that they would in 2022. It came down to 56 per cent in 2023, and now we're sitting at around 46 per cent for 2024,” Baris Akyurek told CTV News Friday.
He’s the vice-president of Insights and Intelligence for AutoTrader.
Akyurek said they took their question one step further, asking respondents why they would pick a gas-powered vehicle over an EV.
“The biggest reason is probably not a big surprise, it’s the ‘range anxiety,’” according to Akyurek. “79 per cent of the consumers don't want to buy an EV because they're anxious for their trips.”
The second concern was charging station availability, or lack thereof.
And the third reason might be the most significant, cost.
Akyurek said they crunched the numbers on AutoTrader.ca and found electric vehicles cost 15 to 20 per cent more than the same model of gas-powered car.
He did note however, the cost is starting to come down for electric vehicles.
“Demand is coming down. Supply is increasing and what's happening to prices, [they] have been coming down,” Akyurek said. “The price decline on a year-over-year basis is 17.4 per cent.”
CTVNews.ca Top Stories
BREAKING House of Commons Speaker Greg Fergus survives vote calling for his ouster
Greg Fergus survived a vote to oust him as House of Commons Speaker on Tuesday, but with close to half of MPs expressing a loss of confidence in him, he faces a precarious path forward in maintaining order in Parliament.
'It was hell': Israeli mother held hostage with her children describes 51 days in captivity
Hagar Brodutch, her three children and four-year-old neighbour were kidnapped by Hamas-led militants from their home in Kfar Aza, Israel on Oct. 7 and held for 51 days. They were released in November, but Brodutch says her thoughts are never far from those still being held in Gaza.
'Unruly passenger' forces WestJet flight to make emergency landing in B.C.
A WestJet flight heading to Calgary had to make an emergency landing in northern B.C. Monday due to an incident involving an 'unruly passenger,' Mounties say.
BREAKING Teen dies after being hit by train in N.W. Calgary
A teenager has died after being hit by a train in northwest Calgary on Tuesday afternoon.
'It's his vacation too': Jimmy the baby goat joins 2-week road trip across Canada
After Jimmy the baby goat was shunned by his mother, a New Brunswick man took the kid on a two-week road trip across Canada.
New COVID-19 subvariants become the dominant strains in Canada
More than four years after COVID-19 effectively shut down the world, two new variants of COVID-19 have become the dominant strains of the novel coronavirus in Canada.
The double-level airplane seat is back. This time, there’s a first-class version
It’s the airplane seat design that launched a thousand memes and kickstarted a media storm. And now the double-level seat is back – only this time, with a twist.
Widespread theft costing Canada's retail industry dearly: experts
The Retail Council of Canada wants to put a stop to widespread theft within the retail industry, and industry leaders are meeting this week to find solutions.
Former South Dakota mayor charged with triple homicide
Three people were shot to death in a small South Dakota town, and a former law officer who once served as the town's mayor is charged in the killings.