Let’s develop an EV
solution we can travel
towards together.

EVs only sell well in a few states.

• One in three new EVs are sold in California today. That’s more than the number sold in 43 states combined. (2023 S&P Mobility Analysis)
• Dealerships have up to four months of EVs stacking up on their lots.

Chargers that do exist are often broken.

More than 20% of EV drivers using public charging stations have experienced charging failures or equipment malfunctions.

Rental car companies are selling off their EVs.

Infrastructure for charging is limited and developing too slowly.

• Based on the government’s estimates, 2.8 million public chargers will be needed by 2032, but only 170,000 public chargers exist today.    
• Based on analysis of EPA and DOE data, 800 new chargers would have to be built every single day — for the next nine years.
• The 2021 infrastructure law included $7.5B for charging stations, yet only three have been built through this program.

Nearly all EV owners also have a gas vehicle.

96% of people who have an EV have at least one other vehicle that is not a BEV. 

EVs aren’t affordable for most consumers.

• The median salary of an EV buyer is 40% higher than the average new car buyer. 
• On average, an EV costs $8,000 more than owning a gas vehicle over 5 years.
• EVs are more expensive than a gas vehicle. 
• The average monthly insurance premium is 44% more than a gas vehicle owner.

EV resale value plummets. 

While the average 3 year old vehicle held 66% of its original value, EVs only held 49% of their value. 

The number of EVs that qualify for the federal tax credit has dropped by half.

EVs are more expensive (and take longer) to fix than gas vehicles.

It costs an average of 56% more and takes 25% longer to repair an EV.

EVs take a long time to charge.

Even the fastest level of charging takes over 40 minutes.