Boy charging electric car

How consumer preference for EVs is evolving since the pandemic

In this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Akshi Goel share insights from the 2022 EY Mobility Lens Consumer Index.

Related topics Automotive Transportation

Since the onset of the COVID-19 pandemic, transforming consumer behaviors toward travel and modal choices have been shaping the outlook of the mobility industry. As businesses continue to adopt hybrid working models, some of the shifts in mobility patterns are no longer temporary. In fact, both the work and nonwork journeys have declined by 11% and 8% respectively from the pre-pandemic levels. Furthermore, consumer confidence in electric vehicle technology is increasing. Nearly 52% of the consumers who intend to buy a car in the next 24 months prefer either a fully electric, plug-in hybrid or a hybrid vehicle. This growing shift is a result of many factors, including rising gas prices and environmental concerns. The 2022 EY Mobility Lens Consumer Index explores in detail how such consumer attitudes may impact the advanced manufacturing and mobility industry in the long term. 

Key takeaways:

  • As multiple companies continue to implement hybrid working models, commuting is increasingly becoming a weekly activity — with 31% of the surveyed consumers working from home at least three to four times a week.
  • For most car buyers, the electric vehicle is becoming the mainstream choice. In fact, 90% of all electric car buyers are willing to pay a premium price — due to rising environmental concerns and bans on internal combustion engine vehicles.
  • For consumers, their personal cars have become the preferred modes of travel over the public transportation system — due to concerns over safety, hygiene and risk of infection. 

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Presenters

Gaurav Batra
EY Global Advanced Manufacturing & Mobility Analyst Leader
Akshi Goel
EY Global Advanced Manufacturing & Mobility Analyst

Podcast

Episode 22

Duration 18m 45s

In this series

Series overview
(Event List - Manual)

How consumer preference for EVs is evolving since the pandemic

In this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Akshi Goel share insights from the 2022 EY Mobility Lens Consumer Index.
Podcast

Episode 22

Duration
18m 45s

Presenters

Gaurav Batra

EY Global Advanced Manufacturing & Mobility Analyst Leader

Akshi Goel

EY Global Advanced Manufacturing & Mobility Analyst

How organizations can actively embrace diversity, equity and inclusion

In this episode, EY leaders Kevin Muskat and Darcy Cowell, Toyota Social Innovation Senior Manager Corey Clark, and VP and General Counsel of Interstate Batteries Kelvin Sellers discuss DE&I.
Podcast

Episode 21

Duration
31m 37s

Presenters

How product innovation is proving to be a differentiator in mobility

In this episode, EY Global Advanced Manufacturing & Mobility Analyst Avinash Sagar shares key updates from the third quarter earnings calls of 43 mobility sector companies.
Podcast

Episode 20

Duration
09m 36s

Presenters

Avinash Sagar

EY Global Advanced Manufacturing & Mobility Analyst

Three priorities for advanced manufacturing in 2022

In this episode, EY global analysts Mohit Ahuja and Julia Rosenthal share highlights from 3Q21 earnings calls of 31 advanced manufacturing companies.
Podcast

Episode 19

Duration
17m 11s

Presenters

Mohit Ahuja

EY Global Advanced Manufacturing & Mobility Analyst

Julie Buresh

EY Global Advanced Manufacturing Senior Analyst

How environmental concern became the top driver for purchasing an EV

In this episode, Gaurav Batra, EY Global Advanced Manufacturing & Mobility Analyst Leader, discusses the findings of the latest EY Mobility Consumer Index (MCI) wave 2 research.
Podcast

Episode 16

Duration
11m 00s

Presenters

Gaurav Batra

EY Global Advanced Manufacturing & Mobility Analyst Leader