Topic: EVs

Electric vehicle demand slower to recover than other segments

Posted by George Augustaitis on June 1, 2020

cargurus-indexed-us-lead-volume-chart

Pent-up demand, stimulus checks, and the hope that we are past wave one of COVID-19 has spurred the recovery of US leads on CarGurus. Total lead volume is now above early-February levels.

However, not every sector of the vehicle market has seen the same recovery. For example, we know that demand for higher-priced vehicles has returned quicker than lower-priced vehicles, but each vehicle segment has behaved differently. Most notably, the electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) segments.

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Topics: CarGurus data, covid-19, electric vehicles, EVs

Car shoppers not ready for EVs, CarGurus survey finds

Posted by Megan Hennessey on December 3, 2018

With established automakers like Mercedes-Benz and newcomers like Byton announcing electric vehicles (EVs) at this year’s Los Angeles Auto Show, CarGurus conducted a survey to learn more about consumers’ thoughts and experiences with EVs.

Interestingly, we found that while 64% of shoppers are excited about the prospect of saving money on fuel with an EV, 65% are concerned about how expensive they are. This interest suggests a “wait and see approach,” with 15% of respondents noting they would probably or definitely own an EV in the next 5 years, and 34% noting the same over the next 10.

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Topics: car shoppers, CarGurus data, electric vehicles, EVs, trends