A recent American study shows that Americans under 40 are mostly willing to buy a Chinese electric vehicle. This is despite the privacy risks associated, an argument often used by the US government.
What Do Young People Think of Chinese Electric Cars?
Surveyed by AutoPacific, 800 American consumers expressed their views on Chinese electric vehicles. Surprisingly, and despite the government’s stance, the study results show a strong interest in automobiles from China, especially among younger people.
In fact, 76% of those under 40 would consider buying a Chinese electric car. When the question is posed to the entire sample, including individuals aged 18 to 80, the rate rises to 35%. There is strong reluctance among those over 60, with only 26% willing to consider purchasing a model manufactured in China.
Choosing Price Over Safety?
However, those who are hesitant are willing to reconsider if the production of Chinese electric cars is relocated to the US. They believe this could help “support the economy and local workers.” The study also shows that 77% of those surveyed are concerned about “privacy risks.”
This is precisely one of the reasons cited by the Biden administration to justify increasing tariffs from 25% to 100%. Not surprisingly, younger consumers are less concerned about this. Chinese manufacturers have good popularity in the US, largely due to their strong presence on social media.
Another study published by AlixPartners showed that 58% of American consumers likely to purchase a Chinese electric car are also able to name brands. BYD is the top manufacturer mentioned. The Shenzhen-based company has been laying the groundwork for distribution of its models in the US for several months.