BELOW SUPERNAV drop zone ⇩

Kelly Blue Book survey shows consumer hesitation toward EVs

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

WASHINGTON (Nexstar) – A Kelly Blue Book survey found most consumers would consider an electric vehicle but have some hesitations.

More than half of the people who responded to the survey said concerns about the environment make them open to the idea of owning an electric vehicle. They also worry an EV will be inconvenient and expensive.

Other concerns include “How long it takes to charge up, as well as the cost of replacing batteries,” said Kelly Blue Book Executive Editor Brian Moody.

However, Moody says normal charging shouldn’t be a major concern.

“Seventy percent or 80% of electric vehicle owners charge their cars up at home. In that case, people are going to have a great experience because they just park it overnight,” Moody explained.

But that convenience disappears on road trips.

“Parents right now are at home cringing at the idea of sitting in their car for 40 minutes trying to keep their toddler entertained,” Moody said.

On the issue of eventually replacing EV batteries, Moody says, “There really shouldn’t be much reason for worry because the warranty is at least eight years or 100,000 miles.”

Moody says most electric vehicles can usually cover the mileage range they promise.

On the other hand, consumers are right to be worried about how an electric vehicle will perform in extremely cold weather.

“It makes the car take longer to charge up and it makes the battery hold a lesser charge,” Moody said.

He added that you could end up spending a lot on charging if you use fast, commercial chargers, but “by using electricity that you charge up at home…it will cost you about half as much for the electric car as it will for the gasoline-powered car.”

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

69°F Sunny Feels like 69°
Wind
6 mph SW
Humidity
27%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 46F. Winds light and variable.
46°F Clear to partly cloudy. Low 46F. Winds light and variable.
Wind
1 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous