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Four in 10 motorists worldwide are tempted to go electric

Electric cars are becoming more and more popular around the world. But the reasons to opt for one vary greatly from country to country

Published: Jul 24, 2021 07:14:53 AM IST
Updated: Jul 23, 2021 06:31:41 PM IST

Four in 10 motorists worldwide are tempted to go electricImage: SimonSkafar / Getty Images

Electric vehicle purchase intentions continue to grow around the world. According to a recent study, more than 40% of motorists are now considering switching to an electric vehicle when they make their next purchase.

While one in two motorists worldwide still plan to choose a combustion engine car for their next vehicle purchase, 41% are already planning to switch to a 100% electric or hybrid model, and a further 2% could opt for a hydrogen-powered car, according to a study published by the consultancy firm, EY.

But the results can vary greatly from country to country. While the majority of people in Italy (63%), South Korea (56%), Singapore (55%) and China (51%) would like to buy an electric or hydrogen powered vehicle in the near future, the majority of those in Australia (75%), India (65%) and Canada (59%) would like to continue to buy gasoline- or diesel-powered cars.

The main reasons encouraging drivers to go electric are environmental protection (49%), as well as the financial incentives available (29%), range (28%) and available charging infrastructure (28%). Unsurprisingly, drivers' biggest concern is the cost of ownership (50%).

Note that one of the most striking measures of the Green Deal unveiled by the European Commission concerns the obligation for manufacturers to stop producing new internal combustion engine vehicles by 2035. Indeed, in Europe and elsewhere, today's skeptics will probably have little choice but to switch to electric in the coming years.

The study was conducted by the consulting firm EY among more than 9,000 motorists in 13 countries (Australia, Canada, China, Germany, India, Italy, Japan, New Zealand, Singapore, South Korea, Sweden and the United Kingdom).

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