So EVs have some problems. Leaving aside the manufacturers’ overstatement of their green-ness, and the grid’s ability to handle a larger proportion of EVs on the road, there’s the problem of consumer demand:
Car companies and dealers are slashing thousands off purchase prices to attract wary shoppers.
www.wsj.com
This is paywalled for those without a subscription, but I’ll summarize
- Prices for EVs are considerably higher than for comparable ICEs.
- Wealthier buyers have already bought.
- The remaining (less-wealthy) market is more price-sensitive
- Dealers are offering massive incentives and discounts to move inventory
- ICEs are sitting on dealers’ lots an average of a month. EVs twice as long, even with those huge discounts and incentives.
- Higher interest rates compound the dealers’ issue  they pay a higher rate of interest on their floorplan lines of credit and do it for twice as long as before
- Bottom Line: Between discounts, incentives, higher interest rates and longer time on the lot, nobody’s making much money on these things, legacy manufacturers are scaling back both production and investment in future production capacity, and newer manufacturers (Lucid, Fisker, etc.) are burning through tons of cash.
Beyond price, the article doesn’t get into why consumers are behaving this way. So I’ll offer my own reasons:
- Range anxiety.
- Lack of widely-available charging stations.
- Many of the existing charging stations don’t work.
- For the ones that do, it still takes 45 minutes or so to re-fuel.
- At many stations, the price to charge up for X miles is actually higher than it would be to buy gasoline for an ICE to go the same distance
- The massive discounts on new cars are hurting the value of used EVs
- You can get around some of this with a charging station in your garage. But you have to have a garage in the first place, you have to buy the station, you have to pay to run the electrical line and install the station, and you have park the car in the garage  IOW, if you take it on a road trip, you face all the other issues.
The major bottleneck I see is the time to re-charge. When it takes 5-10 minutes, that’s a different ballgame.
A caution there, though. You still have to put the same amount of energy into the car. You just do it quicker  kind of like a fire hose vs. a garden hose. Which will require more of a boost to the grid than current charging times would.
I think all of that is going to get fixed…..eventually. Just not in my lifetime.