Nearly Half Of US EV Drivers Consider Switching Back To Gas Vehicles: McKinsey Study

Authored by Andrew Moran via The Epoch Times (emphasis ours),

More electric vehicle drivers are thinking about switching back to internal combustion engine automobiles, according to new findings from the 2024 McKinsey & Co. Mobility Consumer Global Survey.

Forty-six percent of EV owners surveyed in the United States say they will likely return to driving gas-powered vehicles.

Globally, the survey of 30,000 respondents in 15 countries found that more than one-quarter (29 percent) of EV owners are likely to go back to driving gas-powered cars.

Australia topped the list with 49 percent confirming they want to return to driving behind the wheel of an gas-powered automobile, the study found.

The lack of public charging infrastructure was the chief reason respondents wanted to switch back to gas-powered vehicles, with 35 percent saying it is “not yet good enough for me.”

Thirty-four percent noted that the total costs of EV ownership were “too high.”

The list of reasons for being disappointed in electric cars rounded out with being unable to charge at home (24 percent), too much worry and stress about charging (21 percent), changing mobility requirements (16 percent), and not enjoying the driving experience (13 percent).

Overall, 21 percent of global respondents said they would never want to switch to an electric vehicle, unchanged from 2022. By comparison, 18 percent confirmed their next automobile will be an EV, up from 16 percent in 2022.

Looking ahead to the next 10 years, 29 percent want to replace their automobile with other forms of transportation. They cited expensive car ownership costs, a desire to live a more sustainable lifestyle, and remote work.

Other studies have found similar trends in the United States.

According to the BloombergNEF 2024 Electric Vehicle Outlook, there has been growing consumer consternation surrounding the EV market.

“In the U.S., EV market jitters inflamed by the upcoming presidential election helped slow down adoption this year, and by 2027 only 29 percent of cars sold in the country [will be] electric,” the report stated as concerns surrounding driving range, price, battery lifespan, and unreliable public charging become ubiquitous across the marketplace.