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46 Percent of EV Buyers in the US Want to Return to ICE, Why?

by Redaksi Asiatoday
June 17, 2024
in Business
Reading Time: 2 mins read
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46 Percent of EV Buyers in the US Want to Return to ICE, Why?

Cars on a New York City street. Doc

ASIATODAY.ID, JAKARTA – Most people in the United States (US) who own electric vehicles (EV) are considering returning to internal combustion engine (ICE) cars.

According to a recent survey by McKinsey & Co, reported by Carscopps, Friday, June 14 2024, as many as 46 percent of EV owners in the US are likely to choose a combustion-powered vehicle for their next purchase.

More than 30,000 participants answered about 200 questions about EVs for McKinsey’s biennial study. To be more accurate, the survey was conducted in 15 countries, representing more than 80 percent of global sales volume.

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The results show that 29 percent of EV owners worldwide are likely to return to an ICE for their next vehicle.

The most crucial factor in abandoning EVs is the state of public charging infrastructure, followed by the high cost of ownership and the need to find a car more suitable for longer journeys.

The percentage of EV owners willing to switch back to ICE in the US increased to 46 percent, or nearly one in two current EV owners. They said they were affected by the slow rollout of the National Electric Vehicle Infrastructure program by the US Department of Energy.

Only 9 percent of the total participants in the study were happy with the expansion of the public charging network in their area, indicating that this is a global problem.

McKinsey Future Mobility Center leader Philipp Kampshoff believes that things will get worse, as next-generation EV buyers will rely more on public charging than they do today.

The same survey found that 21 percent of participants did not want to buy an electric car, which also confirms recent findings from other studies.

Another interesting detail is that minimum mileage expectations among consumers have increased from 270 miles (435 kilometers) in 2022, to 291.4 miles (469 kilometers) in 2024.

Despite these concerns, buyers are slightly more susceptible to electrification compared to previous studies.

More specifically, 38 percent of non-EV owners worldwide would consider a plug-in hybrid vehicle (PHEV) or EV for their next purchase, which represents a 1 percent increase from two years ago.

Senior partner and Global Co-leader of McKinsey’s Automotive & Assembly Practice Kevin Laczkowski said the survey results show the highest level of uncertainty about EVs, which is almost unprecedented. (ATN)

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