By mandu77 @Adobe Stock

Breck Dumas of Fox Business reports that the lack of available charging infrastructure and the high total cost of owning an EV were the two main reasons almost half of EV owners plan to switch back to gasoline-powered vehicles. Dumas writes:

McKinsey & Co.’s Mobility Consumer Pulse for 2024, released this month, found that 46% of EV owners in the U.S. said they were “very” likely to switch back to owning a gas-powered vehicle in their next purchase.

“I didn’t expect that,” the head of McKinsey’s Center for Future Mobility, Philipp Kampshoff, told Automotive News. “I thought, ‘Once an EV buyer, always an EV buyer.'”

In the poll of nearly 37,000 consumers worldwide, Australia was the only country with a greater percentage, 49%, of EV owners than the U.S. who said they were ready to return to owning an internal combustion engine. […]

The biggest reason EV owners cited for wanting to return to owning a gas-powered vehicle was the lack of available charging infrastructure (35%); the second-highest reason cited was that the total cost of owning an EV was too high (34%). Nearly 1 in 3, 32%, said their driving patterns on long-distance trips were affected too much due to having an EV. […]

To further Biden’s EV agenda, Democrats passed infrastructure legislation in 2021 that committed billions of taxpayer dollars to building a half million charging stations in the U.S. by the end of the decade.

But three years later, only seven federally funded chargers have been built to date, and the slow progress has sparked condemnation from both sides of the political aisle.

Read more here.