CarGurus Releases Second Annual Electric Vehicle Survey

CAMBRIDGE, Mass., Nov. 15, 2019 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG) a leading automotive marketplace, today released the results of its second annual CarGurus Electric Vehicle Survey. This year’s survey shows an upswing in consumers’ interest in purchasing electric vehicles (EVs), with 45% saying they will probably own an EV in the next ten years, up from 34% compared to last year. Even more significant, 26% of consumers said they intend to purchase an EV in the next five years, nearly double the number reported in 2018 (15%).
Despite the growing interest in EVs, consumers still cite concerns that the cost and infrastructure are posing as barriers to purchase. Sixty-seven percent of consumers said cost was a primary issue in purchasing an EV, and 56% of consumers said lack of charging stations was a concern; echoing last year’s sentiment of 65% and 60%, respectively.“When looking at year-over-year data, it is clear that car shoppers are becoming increasingly intrigued by the idea of purchasing an electric vehicle,” said Madison Gross, Director of Customer Insights at CarGurus. “However, it is also clear that both the high cost of purchasing an electric vehicle needs to come down and the charging infrastructure needs to improve before the EV industry can satisfy this growing curiosity and demand.”Additionally, according to the survey Toyota (54%) and Tesla (52%) are the most popular brands among shoppers that are likely to purchase an EV in the next six months. However, Tesla is the leader when it comes to brand perception with 33% of all survey respondents noting they are the company most trusted to develop these vehicles. According to the survey, the top five brands that consumers trust the most to develop EVs are:
Tesla – 33%Toyota – 14%Honda – 8%General Motors (Chevrolet, Cadillac, Buick) – 7%Ford – 6%A detailed breakdown of the 2019 CarGurus Electric Vehicle Survey can be found here and questions can be sent to
In October 2019, CarGurus surveyed 1,702 automobile owners on their sentiments towards electric vehicles. Among them, 353 stated an intent to purchase a vehicle in the next six months. In November 2018, CarGurus surveyed 1,279 automobile owners as the inaugural survey of this benchmarking study.
About CarGurus
Founded in 2006, CarGurus (Nasdaq: CARG) is a global, online automotive marketplace connecting buyers and sellers of new and used cars. The Company uses proprietary technology, search algorithms and data analytics to bring trust and transparency to the automotive search experience and help users find great deals from top-rated dealers. CarGurus is the most visited automotive shopping site in the U.S. (source: Comscore Media Metrix® Multi-Platform, Automotive – Information/Resources, Total Audience, Q3 2019, U.S. (Competitive set includes:,,, In addition to the United States, CarGurus operates online marketplaces in Canada, the United Kingdom, Germany, Italy, and Spain. To learn more about CarGurus, visit CarGurus® is a registered trademark of CarGurus, Inc.
© 2019 CarGurus, Inc., All Rights Reserved.Contact:Brian Kramer

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.