{"id":1474424,"date":"2024-06-30T16:15:00","date_gmt":"2024-06-30T20:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1474424"},"modified":"2024-06-30T16:15:00","modified_gmt":"2024-06-30T20:15:00","slug":"the-ultimate-uncertainty-nearly-half-of-ev-owners-want-to-go-back-to-gas-powered-cars","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/the-ultimate-uncertainty-nearly-half-of-ev-owners-want-to-go-back-to-gas-powered-cars\/1474424\/","title":{"rendered":"“The Ultimate Uncertainty”: Nearly Half Of EV Owners Want To Go Back To Gas-Powered Cars"},"content":{"rendered":"

“The Ultimate Uncertainty”: Nearly Half Of EV Owners Want To Go Back To Gas-Powered Cars<\/span><\/p>\n

\n

A brand new study from McKinsey<\/a> has revealed that nearly half of Americans who own EVs want to go back to traditional gas powered vehicles.\u00a0<\/p>\n

Apparently trillions of dollars in ‘green’ taxpayer-backed global subsidies over the last decade are no match for good ole’ fashioned common sense and free markets. Go figure.<\/p>\n

Speaking to Automotive News<\/a>, Philipp Kampshoff, leader of the consulting firm’s Center for Future Mobility said: “I didn’t expect that. I thought, ‘Once an EV buyer, always an EV buyer.’\u2009”<\/p>\n

The study found that over 40% of U.S. electric vehicle owners are likely to buy a combustion engine car next.\u00a0<\/p>\n

<\/a><\/p>\n

Charging concerns are a major hindrance to EV adoption, with 29% of global EV owners considering a switch, rising to 46% in the U.S. Consumers cite inadequate public charging infrastructure, high ownership costs, and impacts on long-distance travel as key issues.<\/p>\n

These concerns align with the slow rollout of the U.S. National Electric Vehicle Infrastructure program. Only eight stations are operational, and 23 states have started using funds from the $5 billion federal program as of May, according to EVAdoption.<\/p>\n

The U.S. isn’t alone in facing EV charging challenges. Only 9% of global respondents find the public-charging infrastructure adequate. This issue is set to grow, as future EV buyers will depend more on public charging, according to Kampshoff.<\/p>\n

McKinsey’s survey highlights include:<\/p>\n

21% of global respondents never want to switch to an EV, with 33% citing charging concerns.
\n\tRange expectations have increased from 270 miles in 2022 to 291.4 miles today, outpacing current EV offerings.<\/p>\n

<\/a><\/p>\n

McKinsey’s biennial survey, released on June 12, included around 200 questions to over 30,000 consumers in 15 countries, covering over 80% of global sales. The survey shows a slight increase in willingness to consider EVs, with 38% of non-EV owners eyeing a plug-in hybrid or full electric for their next vehicle, up from 37% in 2022.<\/p>\n

Consumer preferences for EVs, plug-ins, and combustion powertrains, coupled with evolving global regulations, complicate planning for the auto industry and its supply chain.<\/p>\n

Kevin Laczkowski, global co-lead of McKinsey’s automotive and assembly practice, concluded: “OEMs and suppliers now have to invest in multiple technologies. This is the ultimate uncertainty right now, like almost never before.”
\n\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 06\/30\/2024 – 12:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/ultimate-uncertainty-nearly-half-ev-owners-have-buyers-remorse<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

“The Ultimate Uncertainty”: Nearly Half Of EV Owners Want To Go Back To Gas-Powered Cars A brand new study from McKinsey has revealed that nearly…<\/p>\n","protected":false},"author":0,"featured_media":1474425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1474424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1474424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1474424"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1474424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1474425"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1474424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1474424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1474424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}