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Declining Interest in EVs Amidst Industry Slowdown, Survey Finds

August 30, 2024 by Newsdesk

Interest in electric vehicles (EVs) among Canadians is waning, according to a recent survey by The Logic, with 74% of respondents considering an EV purchase—down from 78% two years ago. Concerns over battery range, affordability, and Canada’s cold climate were cited as major deterrents.

The findings coincide with a broader industry slowdown, as automakers like Ford and Tesla adjust their EV production plans due to lower-than-expected demand. While current EV owners expressed satisfaction with their vehicles, issues such as inadequate charging infrastructure and high prices remain significant barriers for potential buyers.

Want to know more? Check out the source code on The Logic.

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