Electric vehicles (EV) continue to represent a greater share of new car purchases, but their cost, range and charge rate may hinder many consumers from making the transition.
While EV’s have grown in popularity over the last decade, gas-powered vehicles still account for the vast majority of cars on the road and new car sales, according to Pew Research survey published in June. In addition, a 2020 AAA poll determined that nearly 80% of households with an EV also own a traditional vehicle, suggesting that just a sliver of Americans are making a complete transition.
