Millions more American drivers need to trade the pump for the plug for the US to play its part in curbing the climate crisis. The problem? Many consumers have major concerns about how to do so safely, efficiently, and affordably. Surveys and studies aplenty suggest that the recent lull in EV demand is partly due to car buyers' hesitancy around all things batteries and charging. Take a recent J.D. Power survey: For the first time since 2021, consumers said they were less likely to consider an EV than they were the previous year—and the top five reasons were "mostly related to charging." An S&P Global Mobility analysis pointed the finger at range and charging concerns to help explain the recent surge in hybrid sales. And the US is lagging behind Europe and China in part because it hasn't been expanding its fast-charging network as quickly, per JATO Dynamics. Despite all that, EV sales are still growing; they were up more than 50% YoY last year. But the picture hasn't been rosy for the EV sector lately: Market leader Tesla is facing some of its biggest challenges in years. EV startups are struggling. Legacy automakers are pumping the brakes on electrification. And slowing demand is one of the main culprits. Industry stakeholders know that establishing reliable charging infrastructure is a key piece of this puzzle, and the US is in the midst of a major wave of investment that aims to do exactly that. Consumers are less anxious about battery range than they used to be—but in order for adoption to speed up, they need to know where and how to charge, and they need to have a pleasant experience, K.C. Boyce, Escalent's VP of automotive and mobility and energy, told Tech Brew. "If they know that there's a place to charge," he said, "they're more willing to make that leap." Keep reading here.—JG |
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