Rep. Mariannette Miller-Meeks, Republican of Iowa, talks to “The Evening Edit” about lawmakers’ concerns about China profiting from EVs.
A significant percentage of Americans Electric car New data shows buyer’s remorse.
McKinsey & Company Mobility Consumer Pulse According to a 2024 electric vehicle market forecast released this month, 46% of U.S. EV owners said they were “very likely” to return to a gasoline-powered vehicle for their next purchase.
Nearly half of U.S. EV owners want to switch to gas-powered cars, according to a new McKinsey survey. (iStock)
The high percentage of Americans looking to change jobs has even surprised consulting firms.
“We didn’t expect that,” said Philip Kampshoff, director of McKinsey’s Center for Future Mobility. Automotive News“I thought, ‘Once I buy an EV, I’m going to keep buying EVs.'”
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In a survey of nearly 37,000 consumers globally, only Australia, at 49%, was more likely to say they were ready to return to internal combustion engine vehicles than the US.
Other countries surveyed were Brazil, China, France, Germany, Italy, Japan and Norway. Across all countries, the average percentage of respondents who said they wanted to give up their EV was 29%.
In a global survey, about a quarter of EV owners who said they wanted to go back to gasoline-powered cars cited the inability to charge their car at home as the reason. (iStock)
The top reason EV owners cited for wanting to return to gasoline-powered cars was a lack of available charging infrastructure (35%), with the second most common reason being that the overall cost of owning an EV is too high (34%). Nearly one in three (32%) said owning an EV has affected their driving patterns for long-distance trips too much.
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McKinsey said consumer satisfaction with the availability of charging stations globally has improved somewhat since last year’s survey, but “there is still significant room for improvement.”
Among EV owners in each country, 11% said they felt there was a good charging point infrastructure in their area, 40% said there were not enough chargers along highways and main roads, and 38% said there were not enough chargers close to their home.
Among EV owners around the world who want to switch to gasoline-powered vehicles, the most commonly cited reason was a lack of charging infrastructure. (Gregory Reck/Portland Press Herald via Getty Images)
The survey results come years after the Biden administration has encouraged U.S. consumers and automakers to embrace EVs, and they back up other recent polls showing a majority of Americans still don’t support a shift to all-electric vehicles.
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To further Biden’s EV agenda, Democrats have passed an infrastructure bill in 2021 that promises to spend billions of dollars in taxpayer funds to build 500,000 charging stations across the U.S. by the end of the decade.
But three years later, only seven federally funded chargers have been built, and the slow progress has drawn criticism from both sides of the political aisle.
