A report by McKinsey China has shown significant disillusionment among Chinese electric car owners in 2023, with 22% stating they wouldn’t consider new energy vehicles (NEVs) for their next car, reports Caixin. This figure starkly contrasts with the mere 3% recorded in 2022. The recent findings mark the first decline in new energy vehicle adoption in a decade, signaling a notable shift in consumer sentiment towards electric vehicles.
The report shows that the proportion of electric car owners in third- and fourth-tier cities who regret their purchase stands at a striking 54%, compared with only 10% in first- and second-tier cities. The dissatisfaction among owners in smaller cities stems from inconvenient charging infrastructure, highlighting a major challenge faced by electric vehicle adoption in these regions.
Adoption of NEVs has expanded rapidly in the past two years, particularly in third- and fourth-tier cities, due to the affordability of electric vehicles and their enhanced intelligent features. However, this growth has outpaced infrastructure development, particularly in the provision of charging points, leading to grievances among electric vehicle owners, the report said.