BOSTON--(BUSINESS WIRE)--Apr 14, 2021--

Strategy Analytics – Despite a focus from governments and automakers on enviro-conscientiousness and the surge of consumer interest in Battery-Powered Electric Vehicles (BEV) seen by Strategy Analytics since 2019, concerns among the skeptics remain largely the same. The risk of being stranded somewhere without the ability to charge remains high, concerns around charging infrastructure outweigh simple battery range concerns, and the fear of BEV ownership costing more than petrol car ownership is evermore present. Consumers will not pay more for a vehicle that looks and feels like a less expensive one, simply because it is a BEV. The overall experience needs to match the price point.

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Figure 1. Electric Vehicle (Graphic: Business Wire)

A new report from the Strategy Analytics In-Vehicle UX (IVX) service, “ Consumer Interest in EVs: Lingering Concerns Meet a COVID Bump , ” surveyed car owners across the US, UK, and China regarding their interest in and concerns with BEV ownership. While interest in BEV and hybrid ownership is relatively strong in China, it was lowest in the US. To meet the goal of transitioning fleets and car buyers to all electric, governments and automakers have a substantial challenge ahead.

Commented Chris Schreiner, Director, IVX, “Range anxiety, and the perception that BEVs could limit the distances one could travel, have been longstanding blockers in advancement of BEV interest. But improving range at the vehicle level is just one piece of a complex puzzle that must be solved to unlock broader consumer interest in BEVs.”

Continued Schreiner,“While there are instances of forthcoming investment to boost the BEV market – for example the new government administration in the US has made strong noises about investing in BEVs and BEV infrastructure – given relatively weak consumer attitudes toward BEVs and low concern for the environmental impact for their current vehicle, the US government, and automakers selling in the US, have a long arduous effort ahead of them.”

Added Kevin Nolan, VP, UX Innovation Practice, “Financial incentives and a perceived maturation of BEV offerings contribute to robust interest worldwide. But BEVs still have an inherently limiting UX, so car owners in the West still require more 'on-boarding' for wider acceptance.”

About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.

Source: Strategy Analytics, Inc.
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Service Name: User Experience Strategies
Service Name: In-Vehicle UX
Service Name: UX Innovation Practice

View source version on businesswire.com:https://www.businesswire.com/news/home/20210414005261/en/

CONTACT: Report contacts:

European Contact: Diane O'Neill, +44 (0)1908 423 669,[email protected]

US Contact: Chris Schreiner, +1 617 614 0713,[email protected]

KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE TECHNOLOGY OTHER TECHNOLOGY PERFORMANCE & SPECIAL INTEREST ALTERNATIVE VEHICLES/FUELS

SOURCE: Strategy Analytics

Copyright Business Wire 2021.

PUB: 04/14/2021 07:45 AM/DISC: 04/14/2021 07:45 AM

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