A survey of 1,001 Australians by Savvy has revealed that 73% agree that moving to Electric Vehicles (EV) is an important move to reduce CO2 emissions and keep global temperature rises to 1.5°C.
- 40% may purchase EVs in the future – 7% already signalling intent in next 12 months
- Younger Australians skew favourably to buying EVs
- 79% say that affordability needs to improve before buying
- 59% says that Australia should be “all in” on EVs
79% of 18–24-year-olds, 78% of 25-34 year-olds, and 82% of 35-44 year-olds agreed with the statement.
As for putting their money towards the cause, 40% stated that they may purchase EVs in the future, with 7% of respondents saying they intend to buy one within the next 12 months. 2% said they already own an EV; however, 30% say they can’t afford one.
37% of women say that they can’t afford an EV; and older Australians (33% for 55-64s and 36% for 65+) also say they are unable to afford one. 19% of 65+s say they’d rather buy a petrol-driven car.
The Price Gap
The biggest obstacle to going electric is price, according to the survey. 79% say that affordability would need to improve before considering an EV as their next vehicle.
Improved government subsidies (41%), improved infrastructure (51%) and improved driving range (39%) would also influence their decisions, when asked their top three barriers to buying EVs.
The biggest concern about buying is price – 43% say the price is too high above all; while 17% are most concerned about charging station availability and 16% worry about limited travel range.
As for brands, 24% said they’d most rather a Hyundai, followed by Tesla (20%) and Mazda (12%). With 37% of respondents saying they’d spend $25,000-$40,000 on their next car, most models would be well out of their price range. 53% said they’d buy an EV over a petrol car to reduce emissions, even if they cost more than a petrol equivalent. 74% of 18-24s said they would – compared with 35% of over 65s.
Does It Go Far Enough?
Is Australia doing enough to encourage EV uptake? 59% of those surveyed said they felt strongly that Australia should go “all in” on electric uptake – that means aggressively pursuing subsidies, stronger emissions standards, and buyer incentives.
However, only 8% said that the Federal Government’s $250 million Future Fuels and Vehicles Strategy, which is targeted at increasing EV home charging stations to 50,000 around the country, will “get the job done.”