Even with tax credits of up to $7,500 to buy a new electric vehicle, it could be difficult to persuade drivers to ditch their gas-burning cars and trucks.
FILE - An International Electric MV Series truck in Austin, Texas, Wednesday, Feb. 22, 2023. WASHINGTON — Many Americans aren’t yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, but the history-making shift from the country’s century-plus love affair with gas-driven vehicles still has a ways to travel.
Even with tax credits of up to $7,500 to buy a new EV, it could be difficult to persuade drivers to ditch their gas-burning cars and trucks for vehicles without tailpipe emissions. But only 19% of U.S. adults say it’s “very” or “extremely” likely they would purchase an electric vehicle the next time they buy a car, according to the poll, and 22% say it’s somewhat likely. About half — 47% — say it’s not likely they would go electric.
New electric vehicles now cost an average of more than $58,000, according to Kelley Blue Book, a price that’s beyond the reach of many U.S. households. Tax credits approved under last year’s Inflation Reduction Act are designed to bring EV prices down and attract more buyers.for a full $7,500 federal tax credit later. Many vehicles will only be eligible for half the full credit, $3,750, an amount that may not be enough to entice them away from less-costly gasoline-powered vehicles.
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