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displacedinMN 06-22-2024 02:34 PM

(Daily Caller News Foundation) — Nearly half of American electric vehicle (EV) owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Company, a leading consulting firm.



Approximately 46% of Americans who own an EV want to go back to a standard vehicle for their next purchase, citing issues like inadequate charging infrastructure and affordability, according to McKinsey’s study, which was obtained and reviewed by the Daily Caller News Foundation. The study’s findings further suggest that the Biden administration’s EV push is struggling to land with American consumers, after 46% of respondents indicated that they are unlikely or very unlikely to purchase an EV in a June poll conducted by The Associated Press and the University of Chicago’s Energy Policy Institute.

Moreover, 58% of Americans are very likely to keep their current cars for longer, and 44% are likely to postpone a possible switch to EVs, McKinsey’s study found. Consumers’ concerns about EV charging infrastructure are notable given the slow rollout of the Biden administration’s $7.5 billion public EV charger program, which has so far led to the construction of only a handful of chargers in nearly three years.


The Biden administration has a stated goal of having EVs make up 50% of all new car sales by 2030, and the Environmental Protection Agency (EPA) finalized stringent regulations in March that will force manufacturers to ensure that up to 56% of their light-duty vehicles are EVs by 2032. The EPA has also finalized strict emissions standards for medium- and light-duty vehicles, while the National Highway Traffic Safety Administration (NHTSA) has also locked in fuel economy standards that will further push manufacturers to produce more EVs.

The administration is also spending billions of dollars to subsidize the production and purchase of EVs, but manufacturers are still losing considerable amounts of cash on their EV product lines. EVs remained below a 10% share of all auto sales in the U.S. in 2023, according to Cox Automotive.

The White House did not respond immediately to a request for comment.

HemiEd 06-22-2024 03:38 PM

Quote:

Originally Posted by displacedinMN (Post 17560493)
(Daily Caller News Foundation) — Nearly half of American electric vehicle (EV) owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Company, a leading consulting firm.



Approximately 46% of Americans who own an EV want to go back to a standard vehicle for their next purchase, citing issues like inadequate charging infrastructure and affordability, according to McKinsey’s study, which was obtained and reviewed by the Daily Caller News Foundation. The study’s findings further suggest that the Biden administration’s EV push is struggling to land with American consumers, after 46% of respondents indicated that they are unlikely or very unlikely to purchase an EV in a June poll conducted by The Associated Press and the University of Chicago’s Energy Policy Institute.

Moreover, 58% of Americans are very likely to keep their current cars for longer, and 44% are likely to postpone a possible switch to EVs, McKinsey’s study found. Consumers’ concerns about EV charging infrastructure are notable given the slow rollout of the Biden administration’s $7.5 billion public EV charger program, which has so far led to the construction of only a handful of chargers in nearly three years.


The Biden administration has a stated goal of having EVs make up 50% of all new car sales by 2030, and the Environmental Protection Agency (EPA) finalized stringent regulations in March that will force manufacturers to ensure that up to 56% of their light-duty vehicles are EVs by 2032. The EPA has also finalized strict emissions standards for medium- and light-duty vehicles, while the National Highway Traffic Safety Administration (NHTSA) has also locked in fuel economy standards that will further push manufacturers to produce more EVs.

The administration is also spending billions of dollars to subsidize the production and purchase of EVs, but manufacturers are still losing considerable amounts of cash on their EV product lines. EVs remained below a 10% share of all auto sales in the U.S. in 2023, according to Cox Automotive.

The White House did not respond immediately to a request for comment.

Holy shit, that is some serious stuff.

Handfull of charging stations in three years for billions, really?


I am guessing some serious pushback by manufaturers and consumers to the EPA.

notorious 06-22-2024 04:23 PM

Any government programs with little oversight is an opportunity to line pockets with money.

DaFace 06-22-2024 04:30 PM

Quote:

Originally Posted by notorious (Post 17560609)
Any government programs with little oversight is an opportunity to line pockets with money.

To be fair, the money isn't gone, it's just not spent yet. There's no question it's been minimal progress though.

HemiEd 06-22-2024 04:56 PM

Quote:

Originally Posted by DaFace (Post 17560617)
To be fair, the money isn't gone, it's just not spent yet. There's no question it's been minimal progress though.

What I want to know is, will an all electric vehicle "peel out?" (50s term for smoking the tires or doing a burnout)

DaFace 06-22-2024 05:07 PM

Quote:

Originally Posted by HemiEd (Post 17560633)
What I want to know is, will an all electric vehicle "peel out?" (50s term for smoking the tires or doing a burnout)

They definitely will due to the instant torque, but it's usually not near as fun since a vast majority are FWD.

I actually have to replace the tires on my wife's Leaf faster than I'd like because it's easy to burn a little rubber off the line.

displacedinMN 06-22-2024 05:17 PM

Quote:

Originally Posted by DaFace (Post 17560644)
They definitely will due to the instant torque, but it's usually not near as fun since a vast majority are FWD.

I actually have to replace the tires on my wife's Leaf faster than I'd like because it's easy to burn a little rubber off the line.

Heard that is common, along with the weight of the cars wear out tires faster.

Chief Pagan 06-22-2024 05:26 PM

Approximately 46% of Americans who own an EV want to go back to a standard vehicle for their next purchase

One poll without context, I'm not sure how much faith I would put it in.

Do 46% want to replace their EV with an ICE? Or are they multi car families and their next purchase will be an ICE replacement for an ICE?

Most EVs are being bought by families that also have an ICE or at least a hybrid and I can understand why. For multi car families with a garage, a commuter, around town EV can be great.

That is a lot households but certainly leaves a lot of people out.

Building up new infrastructure is hard.

Chief Pagan 06-22-2024 05:27 PM

Quote:

Originally Posted by DaFace (Post 17560644)
They definitely will due to the instant torque, but it's usually not near as fun since a vast majority are FWD.

I actually have to replace the tires on my wife's Leaf faster than I'd like because it's easy to burn a little rubber off the line.

I would have thought modern electronics would have prevented tires from slipping.

DaFace 06-22-2024 05:37 PM

Quote:

Originally Posted by Chief Pagan (Post 17560658)
Approximately 46% of Americans who own an EV want to go back to a standard vehicle for their next purchase



One poll without context, I'm not sure how much faith I would put it in.



Do 46% want to replace their EV with an ICE? Or are they multi car families and their next purchase will be an ICE replacement for an ICE?



Most EVs are being bought by families that also have an ICE or at least a hybrid and I can understand why. For multi car families with a garage, a commuter, around town EV can be great.



That is a lot households but certainly leaves a lot of people out.



Building up new infrastructure is hard.

I do also think that there was a bit of a hype wave where some people bought EVs who shouldn't have. If you can't charge at home (e.g., living in an apartment without chargers), owning an EV would be miserable, but some people did it.

I could also see it being a ton of people who bought Teslas and are now cranky about Elon.

I do think that poll is a little dubious, though. My hunch is the question was on a scale of "very likely," "somewhat likely," and "not likely," and they reported very+somewhat, but I've had trouble finding their actual methodology.

hometeam 06-22-2024 05:48 PM

I was told to no longer accept EV from the manufacturer I work for, regardless of allocation or consequences~

neech 06-22-2024 06:18 PM

And I remember just months ago a few people on here saying that EV’s were the best thing. They would never admit there was an issue with them.

Of course, these were from people who actually bought them, they would never admit if there was a mistake you know that.

neech 06-22-2024 06:21 PM

Quote:

Originally Posted by hometeam (Post 17560674)
I was told to no longer accept EV from the manufacturer I work for, regardless of allocation or consequences~

They must have seen the expenses and lawsuits coming down the road.
They’re smart like that.

HemiEd 06-22-2024 06:22 PM

Quote:

Originally Posted by DaFace (Post 17560644)
They definitely will due to the instant torque, but it's usually not near as fun since a vast majority are FWD.

I actually have to replace the tires on my wife's Leaf faster than I'd like because it's easy to burn a little rubber off the line.

I wondered about that since electric motors have such instant response and wind up.

A few years ago there were a few electric motor dragsters showing up but I haven't seen anything about them lately.

DaFace 06-22-2024 06:25 PM

Quote:

Originally Posted by neech (Post 17560687)
And I remember just months ago a few people on here saying that EV’s were the best thing. They would never admit there was an issue with them.

Of course, these were from people who actually bought them, they would never admit if there was a mistake you know that.

I mean, I love ours. If I didn't have to frequently drive 10 hours across I70 in Western KS, I'd own two.


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