Perficient Research Reveals Significant Consumer Satisfaction Gap Between Electric Vehicle and Traditional Vehicle Buying Experiences

Rhea-AI Summary

Research indicates disparities in customer buying experiences between EV and ICE/hybrid vehicles. 31% of non-EV owners plan to purchase an EV in the next two years. Only 39% of non-EV owners believe dealerships have their best interests at heart, and 35% trust salespeople. However, 96% of EV buyers, especially Tesla owners, feel satisfied with their buying experience. Strategies for OEMs and dealers include shifting to product expertise, improving virtual and in-person showrooms, and prioritizing education to overcome roadblocks.

Positive

• 31% of non-EV owners plan to purchase an EV in the next two years.
• 96% of EV buyers feel satisfied with their buying experience.

Negative

• Only 39% of non-EV owners believe dealerships have their best interests at heart.
• 35% of non-EV owners trust salespeople.

Research Indicates the EV Buying Experience is More Aligned with Customer Preferences

ST. LOUIS--(BUSINESS WIRE)-- Perficient, Inc. (Nasdaq: PRFT) (“Perficient”), the leading global digital consultancy transforming the world’s largest enterprises and biggest brands, today unveiled research findings that show striking disparities in customer buying experiences between buyers who purchased electric vehicles (EVs) and buyers of internal combustion engine (ICE) and hybrid vehicles.

With the increase of EV models from traditional automotive manufacturers, the competition among automakers for EV buyers is intensifying. Yet according to Perficient’s study, the adoption of EVs remains a struggle across the industry due to the misperceptions original equipment manufacturers (OEMs) and dealers have about the customer buying experience. Nevertheless, 31% of non-EV owners plan to purchase an EV in the next two years, and only 3% are not open to it.

For generations, the traditional car-buying experience has been fraught with high-pressure sales tactics, haggling, and a lack of trust between consumers and dealerships. Among other factors, Perficient’s research found that this outdated model deters potential EV car buyers. Specifically, Perficient found that:

• Only 39% of non-EV owners believe that dealerships have their best interests at heart; and
• A mere 35% of non-EV owners trust the salespeople at dealerships.

But the same cannot be said for EV dealership experiences. According to Perficient’s study, 96% of EV buyers, especially Tesla owners, feel satisfied with their in-person buying experience, and 71% consider the relationship with the dealer or showroom important or very important when making a purchase.

“The success EV brands like Tesla are experiencing stems from their customer-first approach and seamless experiences across the entire purchasing journey,” said Keith Tomatore, automotive industry lead, Perficient. “If traditional automotive players want to compete effectively and gain EV market share, they need to embrace a more modern buyer journey consumers have come to expect.”

There are data-backed strategies that OEMs and dealers can take to gain market share and improve the car-buying experience, including:

• Shift from sales focus to product expertise: Nearly 75% of EV owners expect salespeople to be knowledgeable about the product, yet almost 10% of traditional dealers were found by customers to be only somewhat knowledgeable or not knowledgeable at all. Whereas traditional automotive salespeople are hyper-focused on aggressive sales tactics, EV brands have crafted a buying experience with salespeople who are passionate about their products and eager to share their knowledge.
• Improve the virtual and in-person showroom experience: Consumers are reducing the time spent in traditional automotive showrooms by preemptively conducting their own online research. Perficient found that 95% of all car buyers in the study reported doing at least some research prior to visiting a showroom – with 68% of EV owners doing a significant amount of research – emphasizing the need for robust and engaging online experiences.
• Prioritize education to overcome roadblocks: While EV ownership is on the rise, 75% of car buyers have no experience with EVs and are reluctant to purchase due to lack of knowledge, allowing for misperceptions about EV charging, maintenance, and ownership costs. EV manufacturers are addressing these pain points through buying experiences focused on product education over sales, representing opportunities for traditional automotive manufacturers to shift their approach.

“Our research underscores the pivotal role that customer experience plays in the EV adoption journey,” said Eve Sangenito, principal of digital marketing and customer experience consulting, Perficient. “Car buyers are more likely to purchase an EV when they understand the product and can make an informed purchase. EV brands have listened to consumers and crafted buying experiences that cater to their expectations.”

Visit Perficient.com to learn more about the results of Perficient’s EV research study and access the full report titled “Perficient Research Reveals an Opportunity for Legacy Automakers and Dealers to Improve Customer Experience and Accelerate the Adoption of Electric Vehicles.”

Having served more than 150 leading OEMs, dealers, suppliers, and emerging mobility companies globally, Perficient’s automotive industry experts champion a digital-first, customer-driven approach to connected vehicles, electrification, omnichannel commerce, and the future of transportation. To learn more about Perficient’s automotive expertise, follow us on Twitter and LinkedIn.

About Perficient’s EV Research Study

To better understand consumers, both current EV owners and non-EV owners, Perficient surveyed a mix of 1,012 individuals across regions, ages, and genders. The survey collected 502 responses from ICE vehicle or hybrid owners and 510 from EV owners between May 15 and June 5, 2023.

• EV owners are defined as people who purchased a new electric vehicle in person or online through a dealership or showroom within the past year.
• Non-EV owners are people who have not purchased a car in the past year but intend to purchase a new car in the next two years, in person or online, through a dealership or showroom. These individuals have also never owned an electric vehicle previously.

Additionally, Perficient conducted 45-minute interviews with 20 car owners (a mix of electric, traditional ICE, and hybrid vehicles) and seven dealers to gain more in-depth insight into perceptions, motivations, and behaviors.

About Perficient

Perficient is the leading global digital consultancy. We imagine, create, engineer, and run digital transformation solutions that help our clients exceed customers’ expectations, outpace competition, and grow their business. With unparalleled strategy, creative, and technology capabilities, we bring big thinking and innovative ideas, along with a practical approach to help the world’s largest enterprises and biggest brands succeed. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. For more information, visit www.perficient.com.

Safe Harbor Statement

Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2023. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on management’s current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading “Risk Factors” in our most recently filed annual report on Form 10-K and other securities filings.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230927472262/en/

Connor Stieferman, Communications Manager

314-529-3595

Connor.Stieferman@perficient.com

Source: Perficient, Inc.