Cost escalation

Connected Vehicle Technology Is Becoming Key Selling Point for Battery Electric Vehicle Adoption

Retrieved on: 
Tuesday, August 15, 2023

LIVONIA, Mich., Aug. 15, 2023 (GLOBE NEWSWIRE) -- New-car buyer appetites for battery electric vehicles (BEVs) are evolving and connected vehicle technology is becoming a key selling point for BEV adoption, according to new study findings from Escalent, a top data analytics and advisory firm with experience counseling the world’s largest automotive companies.

Key Points: 
  • LIVONIA, Mich., Aug. 15, 2023 (GLOBE NEWSWIRE) -- New-car buyer appetites for battery electric vehicles (BEVs) are evolving and connected vehicle technology is becoming a key selling point for BEV adoption, according to new study findings from Escalent, a top data analytics and advisory firm with experience counseling the world’s largest automotive companies.
  • Additionally, approximately two-thirds of all EV Owners, EV Intenders and luxury car owners say they will not consider a BEV unless it has connected car technology.
  • “If a BEV doesn’t interact seamlessly with future EV buyers’ connected life, it may become a barrier to purchase.
  • Beyond addressing BEV barriers, 44% of shoppers believe connected vehicle services would make BEV ownership more convenient.

NW Natural Most Trusted Gas Utility in West in National Utility Brand Trust Study

Retrieved on: 
Wednesday, July 26, 2023

NW Natural has been recognized as a Cogent Syndicated 2023 Most Trusted Utility Brand by Escalent for having scored highest in the West among natural gas utilities in the Brand Trust Index.

Key Points: 
  • NW Natural has been recognized as a Cogent Syndicated 2023 Most Trusted Utility Brand by Escalent for having scored highest in the West among natural gas utilities in the Brand Trust Index.
  • Among the 141 utilities surveyed, NW Natural scored 717 on a 1,000-point scale, landing among one of the nation’s most trusted utilities, according to Escalent.
  • The Brand Trust Index is a composite score of utility performance on customer focus, community support, communications effectiveness, reliable quality, environmental dedication and reputation.
  • Utilities that invest in programs and communication regarding energy management and savings see higher brand trust – for example, customers enrolled in energy management programs gave their local utility an 11 percent higher Brand Trust score.

Consumer Attitudes to Tech, Data Sharing and Privacy Impact Likelihood to Adopt Connected Vehicle Services

Retrieved on: 
Tuesday, June 13, 2023

LIVONIA, Mich., June 13, 2023 (GLOBE NEWSWIRE) -- According to a new report from Escalent, a top data analytics and advisory firm, consumers’ attitudes and emotions toward non-vehicle technology, data sharing and data privacy all play a significant role in shaping their need and desire for and likelihood to adopt connected vehicle services.

Key Points: 
  • LIVONIA, Mich., June 13, 2023 (GLOBE NEWSWIRE) -- According to a new report from Escalent, a top data analytics and advisory firm, consumers’ attitudes and emotions toward non-vehicle technology, data sharing and data privacy all play a significant role in shaping their need and desire for and likelihood to adopt connected vehicle services.
  • Consumers spend 95% of their time away from the vehicle and, as such, the tech brands and devices they use, the services they subscribe to, and their attitudes toward data sharing and privacy outside of the vehicle are shaping the decisions they make inside the vehicle.
  • “By 2030, connected vehicle services revenue will be a $400 billion marketplace, growing from $60 billion in 2020,” said Richard Clarke, vice president with the Automotive & Mobility practice at Escalent.
  • “There is clearly an appetite for in-vehicle connected services and functions for many consumers, resulting in a great opportunity for automotive and tech companies to integrate connected features and functionality into the vehicle.

Running Out of Charge? Not So Fast, Say EV Owners

Retrieved on: 
Wednesday, February 15, 2023

Conversely, one in five (21%) new car buyers states they have run out of gas at least once in their life.

Key Points: 
  • Conversely, one in five (21%) new car buyers states they have run out of gas at least once in their life.
  • “There is a significant gap between the range anxiety consumers expect to have and the reality of that anxiety once they become EV owners,” said K.C.
  • “According to our Path to Purchase DeepDive study , 50% of EV owners found owning an EV easier than they expected, with 43% having their expectations met.
  • Consumers also say that charger availability—knowing a charger will always be available upon arrival—is more important to them than pricing.

EV Shoppers Adapt to Inventory Challenges, Define Threshold for Order Delays

Retrieved on: 
Tuesday, September 27, 2022

LIVONIA, Mich., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Electric vehicle (EV) shoppers are accepting and understanding of current inventory limitations due to the chip shortage, and are changing their shopping behaviors in response.

Key Points: 
  • LIVONIA, Mich., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Electric vehicle (EV) shoppers are accepting and understanding of current inventory limitations due to the chip shortage, and are changing their shopping behaviors in response.
  • Consumers are willing to order their vehicle and wait for delivery, and a new report reveals the threshold to which they are willing to adapt.
  • Consumers have an array of preferences that vary widely across age and EV intention groups, said K.C.
  • Quantitative results were complemented by nine qualitative interviews with EV Intender respondents, in addition to four separate interviews with dealership managers across the country.

“Silver Bullet” to Reach Consumers This Holiday Shopping Season Doesn’t Exist

Retrieved on: 
Tuesday, August 9, 2022

Interest in holiday shopping, traveling and gatherings are all down compared to a year ago, despite the easing of COVID-19 restrictions.

Key Points: 
  • Interest in holiday shopping, traveling and gatherings are all down compared to a year ago, despite the easing of COVID-19 restrictions.
  • This holiday season, businesses need to find ways to enhance the joy, improve the overall experience and minimize customers stresses.
  • Escalent asked how inflation, the economy/supply chain issues and COVID-19 are impacting holiday shopping and holiday travel plans:
    32% expect to spend less this holiday season, while only 16% see themselves spending more than in 2021.
  • Supply chain issues are expected to continue to impact consumers and retailers through the holiday season.

Established Automakers Hold Edge Over EV Start-Ups in Race to Win EV Shoppers

Retrieved on: 
Thursday, May 19, 2022

A further 41% of the studys participants are undecided, highlighting the stakes at play for familiar brands and start-ups seeking to capitalize on rising waves of EV interest among consumers and win over future EV buyers.

Key Points: 
  • A further 41% of the studys participants are undecided, highlighting the stakes at play for familiar brands and start-ups seeking to capitalize on rising waves of EV interest among consumers and win over future EV buyers.
  • The idea that a new player to the automotive market will remain the leader as more and more established brands expand their EV offerings is far from a certainty.
  • For now, consumers are more aware of specific product offerings from EV specialist brands than those from traditional automaker brands.
  • Traditional automakers or EV start-ups that are successful in doing so can aim to win over EV shoppers who are undecided about the type of company from which they would consider purchasing an EV.

Amidst Global Market Uncertainty, FBN Releases 2022 State of Agriculture Report

Retrieved on: 
Friday, March 11, 2022

Farmers Business Network ( FBN ) the global farmer-to-farmer network and ag tech company, today released its 2022 State of Agriculture Report.

Key Points: 
  • Farmers Business Network ( FBN ) the global farmer-to-farmer network and ag tech company, today released its 2022 State of Agriculture Report.
  • This report aims to provide farmers with as much intelligence as possible so they can make the right decisions for their farm.
  • "This comprehensive economic report is our latest effort to put Farmers First," said Amol Deshpande, CEO and Co-Founder, FBN.
  • The report was authored by FBN Chief Economist Kevin McNew, PhD., and released at a press conference at the annual Commodity Classic conference.