"Declining Interest: The Waning Appeal of Electric Vehicles in the US"

The percentage of Americans who own electric vehicles has increased to 7% from 4% a year ago, but fewer non-owners are considering buying one, with only 9% seriously considering purchasing an EV. Overall, less than half of adults, 44%, are either seriously considering or might consider buying an EV in the future, down from 55% in 2023. The findings align with recent decisions by some auto companies to reduce their electric-vehicle investments due to weak consumer demand, prompting the Biden administration to issue a less-aggressive schedule of emission-reduction targets for auto companies. Income, age, and political affiliation are key factors tied to EV ownership and consideration, with upper-income Americans being the most likely to own or consider buying an EV. Despite electric vehicles being seen as a way to reduce greenhouse-gas emissions linked to climate change, the market for EV ownership remains fairly limited, and unless it expands greatly in the next few years, meeting emissions targets may be challenging for auto companies.