Consumers Still Wary of Electric Cars

Oil and the electric car market
Oil and the electric car market

Nowadays, consumers are now deciding between purchasing the latest hybrid or the recently unveiled electric car to replace the current internal combustion engine in their garage. Despite the tax breaks and discounts, car owners are still quite wary of electric cars.

This conclusion was reached after a survey was conducted on consumers, whether they prefer gasoline-electric hybrids, compressed natural gas engines, hydrogen fuel cell engines or full electric vehicles. The survey results still showed that fossil fuels still is top choice while the electric vehicle came up last in the survey. A total of forty percent of respondents indicated that electric vehicles are the least preferred fuel engine choice.

The survey’s respondents numbered a total of 4,000 whose main characteristic would be the inclination to purchase a vehicle within five years from the time of the survey. Their main issues are purchase cost, refueling, maintenance cost, and mileage.

Despite the appalling numbers, the major automakers are rushing to cash in on the electric vehicle market. Tesla has its Roadster and the soon to be released Tesla S sedan. Nissan had mass-produced the Leaf while others are following the lead, with Ford with its all electric Focus, Chevrolet with the Volt and even Rolls Royce with its version.

The survey identified the main issues that consumers have in the use of alternative fuels, which can be categorized as money against comfort. The participants said that if they would spend an additional $1,000 for the vehicle, the vehicle must have one of the three characteristics, namely savings of $300 of driving over 12,000 miles a vehicle range of 17.5 miles or a refueling time of not over 7.8 minutes. These characteristics is what makes the hybrid such a viable alternative vehicle option, because all three concerns are addressed with they hybrid.

As for the electric vehicle, only when these are addressed can it make a run against the efficient hybrid vehicle.