Nearly Half of US EV Drivers Consider Switching Back to Gas Vehicles: McKinsey Study

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.

Overall, 21 percent of global respondents said they would never want to switch to an electric vehicle, unchanged from 2022.

"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.

America's EV Infrastructure The White House aims to have 56 percent of all new vehicle sales be electric by 2032.

While motorists' appetites for electric cars have faded, EV prices have been falling, particularly for used ones.

"There's no denying the crash in used electric vehicle values over the past year," said Karl Brauer, executive analyst at iSeeCars.

New Electric Cars Edmunds figures highlight that the cheapest new electric cars today are the 2024 Nissan Leaf, 2024 Mini Electric Hardtop, and 2024 Tesla Model 3. 

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