In a recent survey conducted by McKinsey, it has been discovered that the United States faces a major hurdle in electrifying its vehicle fleets. The survey included more than 30,000 respondents from 15 countries, with 46% of electric vehicle (EV) drivers in the US expressing a desire to return to vehicles powered by internal combustion engines.
The main reasons cited for this shift to gasoline vehicles include challenges associated with public charging infrastructure, high total costs of ownership, and limitations in driving patterns for long-distance trips. Australia, a country known for its long travel distances, topped the dissatisfaction charts, with 49% of electric vehicle owners considering switching back to gas vehicles.
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Globally, the study found that the average number of electric vehicle drivers willing to return to traditional vehicles is 29%. Interestingly, European nations and Japan emerge as the most supportive of battery-powered vehicles, with only a small percentage of drivers in these regions indicating the possibility of returning to gasoline or diesel vehicles.
However, the survey also highlights the urgent need for improvements in charging infrastructure to strengthen confidence in electric vehicles. Current EV owners have expressed concern about the inadequacy of chargers on highways and in urban environments, and McKinsey stated that the U.S. must increase the availability of charging points significantly to accommodate the convenience of traditional gas stations.
In February, House Republicans demanded answers from Biden's secretaries, Granhom and Buttigieg, about why progress has been so slow despite a lot of funding:
Buttigieg says you won't have to worry about gas prices if you buy an electric vehicle … someone should remind him what contactless sounds like. pic.twitter.com/tiJVkl7wB3
— Daily Caller (@DailyCaller) March 7, 2022
The Energy Research Institute recently reported on “Massive failure of Biden's electric vehicle charging station.' Here are his 5 key points:
Additionally, the survey results raise red flags for fleets invested in electric vehicles, as a significant portion of new electric vehicle owners in the US show a willingness to move away from zero-emission technology. This uncertainty about the future demand for used electric vehicles has already started to affect resale values, and the best-selling electric cars have seen a significant drop in prices.
iSeeCars reported that the 'Used electric vehicle prices drop below used gasoline cars for the first time'twas only ten days ago. Here are four highlights from their report:
- Used electric vehicle prices fell below used gasoline vehicle prices in February and continue to fall faster than prices for traditional and hybrid cars.
- Electric vehicle prices fell below average used gasoline car prices by $265 in February and rose to $2,657 in May
- As of June 2023, used EV values ​​were more than $8,000 (25 percent) higher than the average price of used gasoline cars; last month they were $2,657 (more than 8 percent) less than the average price of used gas cars
- Over the past year, average used gas car values ​​have fallen 3 to 7 percent year-over-year, while used electric vehicle values ​​have fallen 30 to 39 percent.
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