Consumer Concerns about Driving Range and Economics Continue to Hinder Interest in Purchasing Electric Vehicles

The volume of plug-in electric vehicles (PEVs) has grown significantly over the last year, with many auto manufacturers adding new models to their fleets.

Indeed, several auto manufacturers are electrifying their fleets with innovative models.

The PEV market is expected to grow swiftly, with a compound annual growth rate of 30 percent between 2012 and 2020 in the United States.

According to a recent consumer survey by Navigant Research, however, makers of PEVs have not been successful in changing several misperceptions about these vehicles in the marketplace.