Cars and Drivers

Americans Won't Buy EVs

Sjo / iStock Unreleased via Getty Images

Tesla has a wide lead in the sales of EVs in America. At least another dozen major car companies are in pursuit. Each has, or will, invest billions of dollars in designing, building, and marketing their new fleets. Each has to worry about something basic. Do Americans want to own EVs?

The evidence against an EV-based world is growing. According to CNBC, research by the Energy Policy Institute at the University of Chicago and the Associated Press-NORC Center for Public Affairs Research shows only 19% of those polled “very” or “extremely” to buy an EV as their next car. That means millions of Americans that car companies forecast would buy EVs will buy gas-powered cars instead.

A recent article in The Wall Street Journal titled “Why America Isn’t Ready for the EV Takeover” offers a long list of reasons, some of which are obvious. EV car companies say their cars will drive hundreds of miles. In some cases, this is not true at all.

EV vehicles also face a minimal number of charging stations. This may not be true in and around large cities. Elsewhere, it can be a very large issue. There are about 125,000 gas stations in America. Filling a gas-powered car can take as little as 10 minutes.

EVs take a long time to charge. A Tesla Supercharger station can charge a car in an hour. Filling a gas-powered car can take as little as 10 minutes.

People are used to taking cars to mechanics to fix them, even if the repairs are relatively expensive. EVs often get upgraded via software sent to them wirelessly. It is a process most drivers have not experienced. Thus, people have to learn the process and trust it.

Some EVs have self-driving ability. These can be dangerous, some people think, even if the evidence is anecdotal.

Tesla may sell two million cars worldwide this year. It will be many fewer in America. Traditional car companies like Ford will sell a few tens of thousand, and sales will grow very slowly from there.

Also see: the American cities with the most car theft.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.