EY’s 2025 Mobility Consumer Index (MCI) indicates that 50% of global car buyers now prefer a new or used gasoline/diesel vehicle for their next purchase-an increase of more than 13 percentage points compared with last year. Meanwhile, interest in battery-electric vehicles (BEVs) and hybrids declined by approximately 10 and 5 percentage points, respectively.
Key reasons highlighted in the report include:
Policy fluctuations in major markets, notably the U.S. rollback of fuel-economy standards and Europe’s reevaluation of its 2035 combustion-engine phase-out target.
Infrastructure challenges, especially insufficient fast-charging networks in many countries.
Cost sensitivity, as EV prices remain higher in many regions despite incentives.
Consumer priorities shifting-in China, for example, buyers increasingly value digital features and in-car technology over powertrain type.
The study covered major automotive markets including the U.S., Europe, China, and Southeast Asia.
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1. Automakers
Traditional manufacturers with strong ICE lineups may benefit from a temporary sales rebound.
EV-focused brands could face slower growth and increased inventory pressure.
Investment strategies may be adjusted, with some companies delaying EV-only platform launches.
2. EV Market
Short-term EV adoption may slow, especially in regions where charging infrastructure still lags.
Government policy will become a more decisive factor in determining EV growth trajectories.
3. Environment & Policy
A resurgence in gasoline vehicles could complicate national and international emissions-reduction goals.
Policymakers may face pressure to provide clearer, more stable long-term guidance for the auto industry.
4. Consumers
Buyers concerned about charging availability may feel more confident choosing ICE vehicles.
Fuel-price volatility and long-term ownership costs could become more important decision factors.