Euromonitor International has released the results of its Electric Vehicle Readiness Index for 2023 survey, which evaluates the most prepared countries which can support widespread EV adoption.

Norway, Switzerland and Sweden ranked at the top of the index, due to EV market maturity and consumer buying power. Brazil, South Africa and India were ranked at the bottom, owing to limited government incentives, low incomes and the undersupply of public charging stations

Source: EV Magazine: Read The Article

PSR Analysis:  What is telling about this survey is that it shows that Range Anxiety has fallen to third place with only 22% citing it as a major concern behind charging infrastructure and price. This represents a significant shift over the last few years.   PSR

Guy Youngs, is Forecast & Adoption Lead at Power Systems Research

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Guy Youngs
As Forecast and Technology Adoption Lead at Power Systems Research, Guy Youngs is responsible for PSR’s industry forecast and overseeing the rate of technology adoption of alternative power sources into the future outlook and technology mix. His duties include regular engagement with PSR’s global analyst team to ensure that our data and forecasts recognize industry changes towards alternative power sources. Guy received a BA with honors in Public Administration and Management from the University of Kent at Canterbury. Prior to joining PSR, Guy spent 11 years as a Market Intelligence Specialist for Perkins Engines Company, part of Caterpillar’s operations in the UK.