Customers like electric vehicle more
Tesla Motors' () efforts to bring electric cars to the mainstream have been paying off.
Consumers, specifically young ones, have become increasingly interested in buying an electric vehicle (EV) in the past year, according to the Consumer Federation of America's (CFA) on EVs. CFA found that this interest was driven by companies including Tesla and General Motors () bringing more choices to market while lowering prices to make electric cars competitive with traditional gas-powered models.
"Consumer interest in buying electric vehicles is growing at the same time these vehicles are becoming more available and more attractive," said Jack Gillis, CFA Director of Public Affairs and author of The Car Book in a press release. "It does not surprise us that electric vehicle sales have grown more rapidly in their first four years than did those of hybrid vehicles."