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George Parsons - College of Earth, Ocean, and Environment

George Parsons - College of Earth, Ocean, and Environment 2025

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The document presents a study on consumer willingness to pay (WTP) for electric vehicles (EVs) and their attributes, based on a national web-based survey. It identifies key factors influencing EV demand, such as driving range, charging time, fuel cost savings, pollution reduction, and performance. The findings indicate that consumers are willing to pay significantly for increased driving range and reduced charging time. The study also highlights demographic factors affecting EV orientation, revealing that younger individuals and those expecting higher gas prices are more inclined towards EVs. Ultimately, the analysis suggests that substantial reductions in battery costs are necessary for EVs to become economically viable without subsidies.

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