Part 5/6:
Interestingly, consumer readiness for electric vehicles (EVs) paints a more complicated picture. Despite major automakers, like GM, advocating for electric transitions, market statistics reveal that 63% of consumers remain hesitant about adopting EVs, primarily due to charging infrastructure concerns.
Furthermore, GM's parallel investment in a major engine plant demonstrates the tension between transitioning to EVs and sustaining traditional gas engine production. With less than 10% of vehicle sales currently comprising electric models, the journey to widespread EV adoption appears lengthy. Compounding this is the concern over existing electrical infrastructure, particularly in California, where potential rolling blackouts could jeopardize consistent access to charging stations.