What China’s EV buyers’ remorse means for the world
Apr 12, 2024
China is the most important country in the world when it comes to the future of electric vehicles: It accounts for about 60% of all global EV sales, its market for EVs is surging, and it is home to the planet’s biggest EV manufacturer.
Alongside that remarkable growth, however, has been frustration:
The survey from McKinsey China pegged battery EV buyers’ “regret rate” as surging from 3% in 2022 to 22% last year, which its report blamed largely on limited charging infrastructure.
Early adopters of EVs were often more affluent, curious, and well-researched on the topic. But as the market has ballooned, consumers quickly shifted from trailblazers to more everyday users, who may be less prepared for challenges associated with EVs, he said.
https://www.semafor.com/article/04/1...-for-the-world