Nearly 80 % Believe Electric and Hybrid Cars are here to stay.

A recent survey conducted by Capital One finds that the overwhelming majority of those surveyed believe Electric Cars and Hybrids are here to stay.

Despite the fact that 96% do not currently own an alternative motor vehicle and 76% have never even driven or test-driven one of these types of cars, nearly 80 percent (78%) believe they are here to stay and are not just a passing fad while over half (54%) think they will own an alternative motor vehicle in their lifetimes.

These results show a definite growth in consumer interest in hybrid and electric cars. Forty-two percent of survey respondents predict that in ten years, 25-50 percent of cars on the road will be gas-alternative models, while nearly a quarter (23%) believe that over 50 percent of cars on the road will be alternative cars by the year 2020. In the near term, however, consumers say that pricing is the primary factor holding them back from purchasing an alternative motor vehicle.

Capital One Auto Finance Survey

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