Consumer Desire for Electric Vehicles Wanes

A report from KPMG, an international accounting firm, suggests that by the year 2030, electric vehicles (EV) will be just over 20% of the automotive market. Executives originally anticipated EVs to make 70% of the market by 2030. Consumer Reports claimed just four out of eleven EVs maintained “average” reliability; Consumer Affairs also noted that all EV batteries will eventually need to be changed for thousands of dollars.

From The New American:

That demand is now causing consternation, especially in California, where the far-Left interventionist governor and his Democratic sycophants in the state’s Legislature have deemed that 100 percent of vehicles sold in the state by 2035 be electric. The only problem, of course, is that making the demand and providing the supply are separate issues. As Ram Rajagopal, a professor at Stanford University, pointed out, a complete transition to electric vehicles in the state would require at least 15 times more charging stations than the 80,000 that presently exist.

And the demand on the state’s existing energy grid would be highly unlikely to be met. For instance, during a heat wave last September, just days after Governor Gavin Newsom announced that his state was going 100 percent “green” by 2035, the California Independent System Operator (which runs the state’s power grid) asked residents owning EVs to avoiding charging them during peak usage hours.