That's according to Deloitte's '2023 Global Automotive Consumer Study'
More than half of respondents said a lack of affordability was their top concern when it came to EV adoption
Nearly 70% of prospective EV buyers in the U.S. expect to pay less than $50,000 for their next vehicle
It comes at a time when EV makers are raising prices amid high inflation
Source: Tesla/Ford
Tesla's Model Y starts at $65,990, while Ford's Mustang Mach-E begins from $46,895
Still, EV purchase intent is up three percent year-over-year in the U.S.
Quote from Karen Bowman, Deloitte LLP vice chair:
"Although historically high transaction prices are a significant challenge for consumers, a strong desire to reduce refueling costs is driving EV purchase intent around the world."
And fewer U.S. consumers are aiming to buy a gas-powered vehicle
Internal combustion engine purchase intent dropped to 62% from 68%