Over 60% Consumers Likely To Choose EVs By 2025: TCS

A new study by Tata Consultancy Services (TCS) has revealed that more than 6 out of 10 consumers are likely to consider electric vehicles (EVs) for their next purchase, highlighting 2025 as a pivotal year for the EV market. The TCS Future-Ready eMobility Study 2025, which surveyed over 1,300 global EV stakeholders, shows strong consumer interest, particularly among younger buyers.

The study found that consumers under the age of 35 are the most likely to opt for EVs, with those between 18 and 35 years old expressing satisfaction with the current range of EVs available in the market. This age group’s increasing preference for EVs points to a broader shift in consumer behaviour, favouring sustainable and innovative transportation options.

The respondents of the study were spread across North America, the United Kingdom & Ireland, Continental Europe, and the Asia-Pacific region, including China, India, Japan, and Australia-New Zealand. While the demand for EVs is growing, challenges such as vehicle cost, maintenance, charging time, and range continue to concern consumers. Among these, battery range was highlighted as the key area where consumers want to see improvements.

Anupam Singhal, President of Manufacturing at TCS, reflected on the shifting consumer mindset: "While nearly two-thirds of consumers are open to choosing electric for their next vehicle, manufacturers face challenges like advancing battery technology, complex vehicle designs, and production economics."

The study suggests that while the market for EVs is poised for significant growth, overcoming technological and infrastructural barriers will be crucial to realizing the full potential of electric mobility in the coming years.