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Nearly half of American EV owners want to switch back to gas-powered vehicle, McKinsey data shows Major share of US EV owners have buyer's remorse
Fox Business ^ | June 26, 2024 6:00am EDT | Breck Dumas

Posted on 06/26/2024 6:56:24 AM PDT by conservative98

A significant share of Americans who own an electric vehicle have buyer's remorse, according to new data.

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.

The high percentage of Americans who want to make a switch even surprised the consulting firm.

"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.

[cut]

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.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: automotive; buyersremorse; cars; ecars; electric; evs; gas
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To: brownsfan

Ribbons. Give them ribbon to wear. The ribbons will prove they are better people, and care more than anyone else.


21 posted on 06/26/2024 7:33:16 AM PDT by Sir Bangaz Cracka (Poor 'lil Travon bees slamming dat white cracka'a head into dat sidewalk causin he be scared)
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To: conservative98

The real number is likely much higher because people do not like admitting they made a mistake.


22 posted on 06/26/2024 7:33:34 AM PDT by EastTexasTraveler
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To: bray

I see them all over town with the windows open in a 90° day..


23 posted on 06/26/2024 7:34:14 AM PDT by Shady (The Force of Liberty must prevail for the sake of our Children and Grandchildren...)
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To: Sir Bangaz Cracka

Don’t forget hashtags.


24 posted on 06/26/2024 7:35:05 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: RayChuang88

Hybrids, the perfect combination. The battery starts the fire, and the gas tank helps spread the flames. :)


25 posted on 06/26/2024 7:35:06 AM PDT by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too." - Robert Conquest )
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To: Lovely-Day-For-A-Guinness

I live in southern NH. I recall hearing that some EV owners waited for over two hours to charge their cars that day of the eclipse.

I would suspect that the people like that who have experienced that type of a delay are the forty some percent who have said no mas to buying another EV.

The other ones are the people who have to replace the battery for the EV. Then they realize that their vehicle is worthless.


26 posted on 06/26/2024 7:36:58 AM PDT by woodbutcher1963
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To: Sir Bangaz Cracka

Someone tell Tesla owners T is the second letter in stupid.


27 posted on 06/26/2024 7:40:33 AM PDT by bray (It's not racist to be racist against races you do not like.)
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To: Owen

Not only petroleum consumption continues to increase. So does coal and natural gas.

While we reduce the amount of coal we burn here in the USA, India and China are increasing.
India is now the largest importer of US coal. Trains leave WY and other mines everyday going to Tacoma. To be loaded on a vessel to India and to some extent China.
Although China gets more coal from Australia, Malaysia and Indonesia. China actually burns mostly its own coal. Although it is not as good as the coal from other sources.


28 posted on 06/26/2024 7:43:47 AM PDT by woodbutcher1963
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To: Hoboto

Research > shiny marketing ads and incentives.

**********
Not to mention pressure from the government and keeping up with the ‘liberal Joneses’


29 posted on 06/26/2024 7:47:13 AM PDT by hoagy62 (Evil won...again.)
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To: conservative98
IMG-1781
30 posted on 06/26/2024 7:54:05 AM PDT by dznutz
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To: CottonBall
The total cost of ownership includes the purchase price, which was probably much higher when most of these people bought their cars. They probably sat down and figured out that the lower cost of "fuel" for the EV over its life didn't offset the higher up-front cost of the vehicle.

Or maybe a bunch of them found themselves in a position where they had to replace the battery at an enormous cost.

31 posted on 06/26/2024 8:01:13 AM PDT by Alberta's Child (“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
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To: conservative98

EVs were tried in the late 19th and early 20th century and were roundly rejected by consumers then. Now with lots of lipstick on the pig they’re back again with exactly the same disadvantages they had then. The major difference is hype and it also appears that the 21st century buying public is not as smart as the early 1900s consumers.


32 posted on 06/26/2024 8:09:05 AM PDT by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: conservative98

my coworker just bought a new ev mustang a few days ago, and he drove an bmw i3 without range extender before.

but he is from eastern europe and had Hillary stickers on the i3


33 posted on 06/26/2024 8:12:00 AM PDT by algore
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To: Alberta's Child

EV cost is purchase price + insurance+ tires + repairs + electricity + time wasted in charging stations (time is money). You can subtract the residual value when you sell the car, but EVs have very little residual value.


34 posted on 06/26/2024 8:15:36 AM PDT by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
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To: woodbutcher1963

I think 1800’s the West Coast US imported Australian coal on schooners. At very low tide, and some sand washed away, the wooden bones of one of them appears on the beach at Rockaway, OR.


35 posted on 06/26/2024 8:21:02 AM PDT by Cold Heart
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To: Alberta's Child

“They probably sat down and figured out that the lower cost of “fuel” for the EV over its life didn’t offset the higher up-front cost of the vehicle.”

Hard to believe they wouldn’t do that BEFORE buying a car.

But, many are liberals.


36 posted on 06/26/2024 8:26:05 AM PDT by CottonBall (Every one of the Founding Fathers was a felon. Some went to jail, some executed, some died penniles)
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To: conservative98

You went whack and now you comin’ back?


37 posted on 06/26/2024 8:27:51 AM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: woodbutcher1963

You burn what you have.

It’s an interesting exercise in understanding how money has and is losing its meaning.

Not value. Meaning.

If coal was a money measured reality, India would leave it in the ground and buy all of it from elsewhere. The issue is the joules require less joules to get to the power plant when they travel shorter distance.

So you burn what you have. Not what you can pay for. If you have it, it’s free.


38 posted on 06/26/2024 8:33:07 AM PDT by Owen (.)
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To: conservative98

When the wife and I lived in downtown Atlanta, I would have been ok with a couple of EVs, and mid-sized ICE SUV for traveling. Unfortunately, no way we could afford that many vehicles.


39 posted on 06/26/2024 8:37:15 AM PDT by Roadrunner383
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To: Alberta's Child

Compared to ICE cars EVs have: faster depreciation, can’t be serviced just “anywhere”, insurance cost is higher (battery can be total loss in even minor accidents), tire cost is higher and tire wear is 30% faster than in ICE vehicles.


40 posted on 06/26/2024 8:39:49 AM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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