Nearly 50% of EV owners would go back to ICE cars, says new study

35% of EV owners cited the lack of charging infrastructure as the main reason for wanting to return to ICE cars.

According to a new study by McKinsey & Co., nearly half of EV owners said they would go back to internal combustion-powered cars for their next purchase. The new 2024 study by McKinsey stated that 46% of EV owners in the USA were likely to make the switch back to ICE cars - a number, which surprised even the consulting firm.

Philipp Kampshoff, Head of McKinsey's Centre for Future Mobility, stated, "I didn't expect that. I thought, Once an EV buyer, always an EV buyer."

The poll is said to have included 37,000 consumers worldwide, with Australia being the only country with a greater percentage (49%) of EV owners wanting to return to ICE cars than the USA. Other countries included in the survey were Brazil, China, France, Germany, Italy, Japan and Norway. The average percentage of all these countries was 29%.

Reports mention that 35% of owners cited the lack of charging infrastructure as the main reason for wanting to return to ICE cars. Another top reason was that the total cost of owning an EV was too high. In addition to this, 1 in 3 respondents also stated that their driving patterns on long-distance trips were affected too much due to owning an EV.

Source: FoxBusiness