EV Interest Drops Significantly Amidst Uncertainty, Says Ernst & Young Study

Ernst & Young’s mobility study reveals a sharp decline in interest in electric vehicles (EVs). Only 34% of respondents said they would consider buying an EV in the next two years, down from 48% last year. Concerns about inadequate charging infrastructure, the collapse of EV startups, and major automakers scaling back EV production are driving this hesitation, with many consumers opting for hybrids instead of fully electric vehicles.