Mish notes that Deloitte found that in the US only 6% want an EV for their next car.
DB2
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Yes, the recent news on EVs has been unfavorable. But how do hybrids rank?
Will we accept them instead of ICEs while infrastructure gets installed?
50% EVs by 2030 now looks iffy. Is Net Zero 2050 possible without them? Or will hydrogen fuel cell vehicles become the target?
16% for regular hybrids, 5% for plug-in hybrids. Which suggests that people like higher milage but not the plugging in.
DB2
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Maybe they are just looking at the monthly car payment number
Mike
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Yep. As I mentioned in another thread, it may also be affected by the shifting economics of fuel savings. Interest rates are high, and gas prices have fallen back down to post-pandemic lows. The costs and benefits of paying a higher upfront cost in order to get fuel savings down the road have shifted. That’s going to show up most visibly in the monthly car payment number, which will include interest for most buyers.
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I would consider a hybrid but only if the math worked out.
Twenty years ago when I bought a mid-sized SUV, looked at the Pilot and Highlander. Highlander had a hybrid option. Doing the math for my driving style and amount, gas would have to stay above $4/gal for the cost difference to be made up over the life expectancy of the battery. I’ve never seen $4/gal at any pump I’ve used and I would’ve had to replace the battery by now so even farther in the whole.
When I replaced my Pilot with a large SUV, there were no hybrid options. Which is ironic, I would think larger vehicles would benefit more. Small car with 30mpg in city gets 33mpg with hybrid is a 10% boost. Large SUV with 16mpg city goes to 20 is a 25% boost. Or maybe the battery need is too large and heavy.
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