The problem with selling Evs
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Roughly 80% of Americans name “costs” and the “availability of charging stations” as their EV biggest concerns. There are only 53,000 electric charging stations in the U.S. compared to 145,000 gas stations, according to the World Economic Forum. Charging an EV is substantially more time consuming, which explains why charging stations need to exceed gas stations for comparable availability.
Reliability ranks as another key issue. Drivers seldom have to worry about their local gas station being out of service – but one-fourth of charging stations tested by climate advocacy group Cool the Earth didn’t function.
Resolving these issues could take years, which means the Biden Administration’s target of 67% EV adoption is likely unrealistic. It also means gas-powered vehicles and fossil fuels are here to stay for the foreseeable future. The petroleum sector is under appreciated by many investors, which could create bargain opportunities.
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I am with the 80 % when it comes to EVs. They just are not as convenient and most do not have the range of most gas vehicles. They certainly do not have the convenience of a five-minute stop at a gas station. There is also the fact that the longer you own an EV the shorter the range becomes and when the battery has pooped out the cost to replace it can be $20,000.
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Banning Gas-Powered Cars Won't Save the Environment | Opinion
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