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Here’s why EVs aren't replacing gas cars anytime soon

CNN -- August 20, 2023

Price is the biggest barrier for consumers, Valdez-Streaty said. Despite sharp price cuts by Tesla and Ford this year, going electric still means paying a premium over the average gas-powered model. The average electric vehicle price in July was $53,469, according to Kelley Blue Book, versus an average price of $48,334 across all vehicles.

In Cox’s consumer survey, the second biggest concern for EV considers after price was a lack of access to charging stations.

Battery ranges have improved in recent years – the number of electric models with a range of at least 300 miles increased from 13 in 2021 to 51 in 2023, according to the US Department of Energy.

But the number of charging stations still lags behind what is needed to support a wider-scale adoption of electric vehicles. At the end of Q1 2023, there were roughly 134,000 charging stations and 3.34 million EVs on the road across the country, according to the Alliance for Automotive Innovation’s most recent Electric Vehicle Quarterly Report. To meet a charger-to-car ratio of 7:1 — which the California Energy Commission concluded would be needed to support the state’s goal of 5 million EVs on the road by 2030 — the entire country would have to set up two and a half times the current number of available chargers, the AAI report said.

Geographic disparities are also pervasive, the report said. Nearly 30% of all the country’s public charging infrastructure is in California.