Overview

• A June AAA survey shows only 16–19% of U.S. drivers are likely to buy an electric vehicle next, marking the lowest interest since 2019.
• Cost barriers top the list with 62% of respondents citing high battery repair bills and 59% pointing to steep purchase prices as deterrents.
• More than half of drivers express charging concerns, including lack of convenient public stations (56%) and fear of running out of power mid-trip (55%).
• Tesla reported a 13% drop in vehicle sales and a 71% plunge in profits last quarter after consumer backlash to Elon Musk's behavior.
• Interest in hybrid and plug-in hybrid models is rising as buyers seek electrified options with fewer cost and range uncertainties.