Over Half Of U.S. Likely To Go EV, MG S6 Heads Down Under and China Faces Fresh Price War | 01 Jun 2025
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 1 June 2025
⏱️ 20 minutes
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Transcript
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| 0:00.0 | Welcome back to EVE News Daily. Coming up today, over half of the US likely to go EV, MGs S6, heads down under, |
| 0:07.9 | and China faces a fresh price war, plus stay tuned because later in the show I'll tell you why a Chinese gadget maker thinks it can take on Rolls-Royce and Myebeck from Mercedes. |
| 0:19.8 | Well, good morning, good afternoon, good evening, |
| 0:21.4 | wherever you're listening around the world. Welcome to EV News Daily, a trusted source of EV |
| 0:24.6 | information. My name is Martin Lee. I go through every EV story, so you don't have to. I'm here |
| 0:30.3 | to save you time. I am the TLDR of the electric vehicle world, whether it's out of an interest, |
| 0:36.6 | whether you do it for work, |
| 0:43.4 | a hobby, or something else, hopefully. I save you time, 20 minutes a day, gets you everything you need to know. Patreon supporters get the show on the air, and that's how I pay my way these days, |
| 0:49.1 | patreon.com slash EV News Daily. The 2025 US Electric Vehicle Consideration study by J.D. Power has found that |
| 0:57.1 | 59% of shoppers are likely to consider an EV. That's unchanged from last year. Between January and April |
| 1:04.0 | this year, J.D. Power surveyed 8,164 people planning to buy a vehicle within one year. Of those, 24% were very likely to consider an EV. |
| 1:19.1 | 35% were somewhat likely to consider. April data from Cox shows EV sales in the United States |
| 1:26.4 | rose 11.4% year over year in the first quarter of the |
| 1:29.8 | year. This study indicates EV shoppers research an average of 2.9 brands compared with 2.5 brands for |
| 1:39.8 | combustion car shoppers. As more EV models arrive, manufacturers have a chance to win buyers across both mass market and luxury segments. |
| 1:52.4 | Range anxiety is still what is said to be the major barrier. 52% of respondents cited charging station availability as a reason to avoid EVs. |
| 2:04.0 | Concern over purchase price declined down from 47 to 43%. And cost of ownership concerns fell as well. |
| 2:12.0 | Much of the sales growth is tied to more affordable EVs from the mass market in the United States, |
| 2:17.0 | particularly GM is on a rip right now at the minute. |
| 2:19.5 | That's good data to see as well. |
| 2:21.3 | Let's go down under, and federal approval documents confirming MG will launch the XS6 in Australia in the first half of next year. |
| 2:29.8 | So, no, that's not a typo. |
... |
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