47% of Americans plan to purchase an EV in the next 5 years according to Verra Mobility Survey

Core Insights - More than half of respondents (51%) would purchase an EV today if upfront cost was not a factor, indicating a strong interest in electric vehicles among consumers [7] - The survey revealed that 47% of participants plan to purchase an EV within the next 5 years, with 21% intending to buy one in the next 1-2 years, suggesting a growing market for EVs [1][2] - Despite concerns about EV adoption rates slowing, the survey indicates steady interest, with 48% of municipal technology leaders expecting EVs to dominate personal vehicles within the next decade [2] Consumer Concerns - The primary concern regarding EV ownership is range anxiety and the availability of charging stations, with 46% of respondents citing charging station availability as their biggest concern [3] - A significant portion of consumers (71%) reported feeling range anxiety, although this has decreased from 79% in the previous year [3] - Awareness of charging infrastructure is low, with 40% of respondents unaware of the nearest charging station to their home [3] Perceptions of EVs - The survey found mixed reactions to the impact of the last year on EV purchasing decisions, with 31% feeling more likely to buy an EV, while 24% felt less likely [4] - Following the 2024 presidential election, only 15% of respondents indicated they would be more likely to purchase an EV in the next four years [4] - Concerns about maintenance costs persist, with 63% of respondents expecting higher maintenance costs for EVs compared to gas-powered vehicles [7] Rental and Ownership Insights - A notable 70% of respondents would consider renting an EV as a way to "try before they buy," highlighting a potential avenue for increasing EV adoption [7] - The survey indicates that 73% of respondents would not know how to charge an EV rental car, pointing to a gap in consumer education regarding EV usage [7]