Nearly half of American electric vehicle (EV) owners plan to switch back to internal combustion engine cars for their next purchase, according to a study by McKinsey and Company. The study, reviewed by the Daily Caller News Foundation, indicates that 46% of EV owners are dissatisfied due to issues like inadequate charging infrastructure and affordability. This sentiment is echoed in a June poll by The Associated Press and the University of Chicago’s Energy Policy Institute, where 46% of respondents expressed a reluctance to buy an EV. These findings highlight the challenges the Biden administration faces in promoting EV adoption among American consumers.
Additionally, McKinsey’s study reveals that 58% of Americans are likely to keep their current cars longer, and 44% are likely to delay switching to EVs. Concerns about charging infrastructure are significant, especially given the slow progress of the Biden administration’s $7.5 billion public EV charger program, which has only resulted in a few new chargers in nearly three years. Despite the administration’s goal for EVs to constitute 50% of new car sales by 2030 and stringent regulations from the EPA and NHTSA to push manufacturers towards EV production, EVs accounted for less than 10% of U.S. auto sales in 2023. Manufacturers continue to incur substantial losses on their EV lines, and the White House has yet to comment on these findings.
