Report: Consumers not quite ready to switch from internal combustion
Screenshot from: Deloitte. By Auto Remarketing Staff NEW YORK -
The long-term trend toward electric vehicles continues to solidify. But because of the pandemic, consumer anxiety might be shifting automotive priorities toward familiarity and affordability.
According to a
new reportfrom Deloitte, that could be a reason why 74% of U.S. consumers are looking for a traditional internal combustion engine in their next vehicle.
For the report titled, “2021 Global Automotive Consumer Study,” Deloitte surveyed more than 24,000 consumers from 23 countries, seeking opinions regarding issues impacting the global automotive sector.
Those issues include implications of the pandemic on consumer perceptions, the development of advanced technologies and impact of digital automotive retail platforms.
(PRNewsfoto/Deloitte)
While the long-term trend towards electric vehicles (EVs) continues to solidify, consumer anxiety amid the pandemic may be shifting automotive priorities towards
familiarity and affordability, with
74% of U.S. consumers looking for a traditional internal combustion engine in their next vehicle.
Vehicle payment deferments are also raising some concern across the globe with younger consumers in the U.S.
more than two times more likely to push back payments (23% of 18-34 year olds versus 10% of the overall study sample).
While online automotive sales have risen in popularity globally due to the pandemic,
71% of U.S. consumers still want the in-person experience moving forward.