New Kia Concept EV5 previews all-electric SUV for Chinese market

More

The Volkswagen ID. 2all previews sub-25,000 euros electric car

More

The Kia EV9 all-electric SUV revealed

More

2023 Lexus RZ 450e goes on sale with a starting price from $59,650

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Think Says Electric Car Buyers Willing to Trade Range for Price

Electric car maker THINK released results of a customer survey that suggests potential electric car customers would be willing to accept less than 100 miles range-if the price is right.

One hundred miles range has long been considered a customer requirement for full-functioning, highway-capable electric cars. In a survey of potential electric car customers, THINK found that 50 percent of the respondents would be willing to accept 70-80 miles range, if it reduced the cost of the car by $5,000. The online survey was conducted by a team of MBA students from University of Michigan Ross School of Business.

The survey also indicated that potential electric car customers would be willing to pay more for extended range. Fifty-five percent of the respondents indicated that they would pay a $5,000 premium for an electric car with 150-160 mile range. Only nine percent of potential customers said they were interested in reducing their range below 50 miles for a greater discount.

“Offering different sizes of batteries for different customers is an intriguing idea,” said THINK CEO Richard Canny. “Customer support for it will likely grow as fast charging technology becomes more widespread.”

The THINK City electric car, being sold in Europe today and coming to the United States later this year, has a range of 100 miles on a single charge. The company announced in January that it was working with AeroVironment, a leading developer and supplier of electric car charging infrastructure, to promote fast changing project using AV’s level III fast-charge system and the THINK City electric car.

A total of 367 consumers completed the survey.

May 11, 2010Blagojce Krivevski
Ford to Build Electric Vehicles in ValenciaThink Announces $40mln Equity Increase
You Might Also Like
 
Lithium-Air Batteries Could Power Next-Gen Electric Cars
 
Dyson to launch ‘radically different’ electric car by 2020
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

May 11, 2010 Electric Car Newselectric car, electric car range, electric cars, ev range, Think
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
Recent News
Everrati delivers electric Land Rover Series IIA to first European customer in the Netherlands
March 21, 2023
IONIQ 6 is first Hyundai model to feature Intelligent Front-lighting System
March 21, 2023
New Kia Concept EV5 previews all-electric SUV for Chinese market
March 20, 2023
Ford Mustang Mach-E And Tesla Model Y Achieve Good Ratings In New Test By IIHS
March 20, 2023
LiveWire ONE Electric Motorcycle Launches in Europe
March 20, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Everrati delivers electric Land Rover Series IIA to first European customer in the Netherlands
March 21, 2023
IONIQ 6 is first Hyundai model to feature Intelligent Front-lighting System
March 21, 2023
New Kia Concept EV5 previews all-electric SUV for Chinese market
March 20, 2023
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.