Electric car sales drop but experts expect a rebound (includes video story)

A recent AAA study reveals that fewer Americans are buying electric vehicles. Only 18% of adults in the U.S. say they are likely to make an EV their next ride, which AAA’s Director of Automotive Engineering Greg Brannon finds “a bit shocking.” Brannon admits they expected a stronger consumer push. 

The survey describes some big sticking points for potential EV buyers such as sky-high purchase prices, battery repair costs, a lack of convenient charging spots, and challenges installing home-charging stations. Prices for electric cars vary wildly too, ranging from around $30,000 to $100,000-plus, according to U.S. News and World Report. 

Brannon said it is not just about dollars and cents. Issues like where to charge up and how EVs fit into daily life also weigh heavily on people’s minds.

There is a positive aspect if you are thinking of going electric. The IRS is offering up to $7,500 in tax credits for new EVs or plug-in hybrids, and $4,000 for used ones nationally.  

Industry expert Andy Garberson remains optimistic. He predicts a rebound in EV sales as interest rates cool off and folks warm up to the idea of cleaner, greener rides. “You’re going to see new EV sales tick back up,” he says.

Dennisse Diaz is a senior majoring in Digital Broadcasting Media and minoring in entrepreneurship. She is originally from Venezuela. Since her arrival to the United States in 2017, she has never stopped pursuing her dreams of becoming a news anchor, correspondent, or investigative reporter. She is passionate about traveling, photography, culture, responsible knowledge, marketing, and content creation.