
Source: businesswire | Published on: Tuesday, 25 February 2025
TROY, Mich.--(BUSINESS WIRE)--After a decline in overall satisfaction in 2024, owners of both premium and mass market battery electric vehicles (BEVs) are expressing a change of sentiment this year, according to the J.D. Power 2025 U.S. Electric Vehicle Experience (EVX) Ownership Study,SM released today. Notable, too, is that year-end retail sales data from J.D. Power shows that BEVs reached a market share of 9.1% in 2024, up from 8.4% in 2023, fueled in part by a growing number of mass market BEV models entering the market.
This comes as uncertainty surrounds the EV landscape, given the current presidential administration’s signal to eliminate or reduce EV tax incentives and public charging infrastructure funding. Notably, updates to the Inflation Reduction Act more than doubled the amount of owners who indicated they received a federal tax credit/rebate, and more than half of BEV buyers cited tax credits as a reason for purchasing their vehicle, which is among the most influential purchase drivers. As a result, J.D. Power is forecasting EV share of retail sales to remain flat in 2025.
“The elimination of EV tax incentives and public charging funding has the potential to affect two critical barriers to EV adoption: public charging availability and vehicle prices,” said Brent Gruber, executive director of the EV practice at J.D. Power. “This temporary slowdown in market share growth for EVs creates a unique challenge for the industry as manufacturers forge ahead with new vehicle introductions. The EV market will be faced with expanded product offerings and flat share, creating increased competition.”
Following are some key findings of the 2025 study:
Study Rankings
BMW iX ranks highest overall and highest in the premium BEV segment with a score of 790. BMW i4 (783) ranks second and Rivian R1S (770) ranks third.
Hyundai IONIQ 6 ranks highest in the mass market BEV segment with a score of 751. Kia EV6 (743) ranks second and Chevrolet Equinox EV (737) ranks third.
See the rank chart for each segment at http://www.jdpower.com/pr-id/2025013.
There are eight award-eligible models in the premium segment, which is unchanged from a year ago, and 12 award-eligible models in the mass market segment, down from 14. Satisfaction among owners of premium BEVs averages 756, while satisfaction among owners of mass market BEVs averages 725.
The U.S. Electric Vehicle Experience (EVX) Ownership Study, now in its fifth year, focuses on the crucial first year of ownership. The overall EVX ownership index score measures electric vehicle owner satisfaction in both premium and mass market segments. The 2025 study includes 10 factors (in alphabetical order): accuracy of stated battery range; availability of public charging stations; battery range; cost of ownership; driving enjoyment; ease of charging at home; interior and exterior styling; safety and technology features; service experience; and vehicle quality and reliability.
The study is conducted in collaboration with PlugShare, the leading EV driver app maker and research firm. This study sets the standard for benchmarking satisfaction with the critical attributes that affect the total or overall EV ownership experience for both BEV and PHEV vehicles. Survey respondents include 6,164 owners of 2024 and 2025 model-year BEVs and PHEVs. The study was fielded from August through December 2024.
For more information about the U.S. Electric Vehicle Experience (EVX) Ownership Study, visit https://www.jdpower.com/business/automotive/electric-vehicle-experience-evx-ownership-study.
About PlugShare
Based in El Segundo, Calif., PlugShare maintains the most comprehensive census of EV infrastructure in the world. They make the PlugShare app for iOS, Android and the Web, the most popular EV driver app globally, in use by most drivers in North America and more than seven million EV drivers worldwide. PlugShare also provides sophisticated data tools, reports, custom consulting and comprehensive research on EVs for automakers, utilities, charging networks, government and the rest of the EV industry. It operates the world’s largest EV driver survey research panel, PlugInsights, now with more than 150,000 members.
About J.D. Power
J.D. Power is a global leader in automotive data and analytics, and provides industry intelligence, consumer insights and advisory solutions to the automotive industry and selected non-automotive industries. J.D. Power leverages its extensive proprietary datasets and software capabilities combined with advanced analytics and artificial intelligence tools to help its clients optimize business performance.
J.D. Power was founded in 1968 and has offices in North America, Europe and Asia Pacific. To learn more about the company's business offerings, visit JDPower.com/business. The J.D. Power auto-shopping tool can be found at JDPower.com.
About J.D. Power and Advertising/Promotional Rules: http://www.jdpower.com/business/about-us/press-release-info