Nolte: Almost Half of U.S. Electric Car Owners Regret PurchaseJohn Nolte 24 Jun 2024
A consumer research group surveyed electric vehicle (EV) owners all around the world and found 46 percent of American EV owners regret their purchase and are “very likely” to switch back to the internal combustion engine (ICE).
Around the world, 29 percent of EV owners said they will go back to the ICE. The top concerns are the lack of a reliable charging infrastructure, the costs involved in owning an EV, and anxiety about long-distance trips.
Philipp Kampshoff, leader of the consulting firm Center for Future Mobility, told Automotive News he was surprised by the 49 percent number in the U.S. “I didn’t expect that,” he said. “I thought, ‘Once an EV buyer, always an EV buyer.'”
The research group, McKinsey & Company, spoke to 30,000 consumers across 15 countries and found that:
Twenty-one percent of global respondents do not want to ever switch to an EV. Among those, 33 percent cited charging concerns.
Charging concerns are exacerbated by range-related expectations. Consumers’ minimum range expectations have grown to 291.4 miles today from 270 miles in 2022. The range of in-market products has not grown as quickly, McKinsey said.
“[C]onsumers are slightly more willing to consider electrified vehicles than they were two years ago,” per Automotive News. “Thirty-eight percent of non-EV owners say they anticipate that a plug-in hybrid or full battery electric will be their next vehicle. That’s up from 37 percent in 2022.”
But a one percent increase from 37 to 38 percent is not what EV advocates had been hoping for.
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