While interest in alternative vehicles may be growing, consumers do not see ‘green’ as the only purchasing factor and are demanding more from automakers, according to a study released last week.
An Accenture (NYSE: ACN) survey showed that six out of 10 consumers are more likely to buy a hybrid or electric vehicle only when it is superior to gasoline-only models in every way, so while automakers are increasingly focused on addressing the demand for greater fuel efficiency and economy they should also address those areas that continue to influence the consumer.
In-vehicle services which satisfy different customer needs including commerce, entertainment, safety, maintenance, communication and infomobility (i.e., navigation) will not only be key influences on consumer choice but will also play a key factor in the development of more fuel efficient vehicles.
“Both OEMs and suppliers need to start building strategic partnerships that will lead to distinctive capabilities, particularly around safety, environmental protection and entertainment,” said Luca Mentuccia, managing director of Accenture’s Automotive group.
The Accenture study surveyed more than 1,800 consumers and indicates that interests in attributes other than fuel efficiency is increasing, as just 36% of respondents cited higher gas prices as a reason to buy a green car. Moreover, those that have driven a hybrid or electric vehicle rate fuel efficiency as being very good to excellent, but most rate the ride, performance, style and maintenance as good at best.
42% of the respondents said they are likely to buy a hybrid or electric auto in the next two years. (This rose to a high of 62% in Italy). Most of these (80%) are more likely to buy hybrids than all-electric vehicles.
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Read Reuters coverage at the link below.
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