BYD leads the EV growth race, deliveries soar 315% in H1 2022 YoY

More

Mercedes-Benz EQS SUV goes on sale in Germany, prices start at 110,658 euros

More

U.S.-assembled 2023 Volkswagen ID.4 priced from $37,495

More

BMW grows the i4 portfolio with the introduction of the BMW i4 eDrive35

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
 
Bosch is triggering mini-explosions in electric vehicles to make them safer
 
EV drivers in the US have passed well over 10 billion electric miles
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
  • feedburner
Recent News
IKEA U.S. will quadruple its total number of electric vehicle chargers
August 11, 2022
BYD leads the EV growth race, deliveries soar 315% in H1 2022 YoY
August 11, 2022
Chevrolet Reimagines Dream Garage For EV Owners
August 11, 2022
South East leads the charge as UK’s most popular EV home charging region
August 11, 2022
Mercedes AMG ONE electrified hypercar goes into exclusive small-series production
August 11, 2022
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
IKEA U.S. will quadruple its total number of electric vehicle chargers
August 11, 2022
BYD leads the EV growth race, deliveries soar 315% in H1 2022 YoY
August 11, 2022
Chevrolet Reimagines Dream Garage For EV Owners
August 11, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.