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Price is not the main factor that prevents people from purchasing electric vehicles

Some themes emerge when you bring in the discussion about electric cars. The majority of people say that EVs cannot cope with the national system since they suddenly catch fire. They go for 50 miles during winter. They are made of unique minerals extracted by children from Congo, and the electricity used to charge those EVs originates from coal and many other excuses. They have admitted that the cost of the EVs is not the big hate. There appears to be a specific turn off.  

The high cost of EVs is something one cannot deny because most EVs cost $13,000, which is more costly than internal combustion engine (ICE) models. That only is a considerable disincentive for buying an EV, despite many offers in some countries like France. However, the strong resistance against you see on social media is filled with politics, resistance against crucial changes, lack of electric vehicle choice for other brands, and not mainly the cost. 

Rupert Mitchell, Chief Strategy Officer at Chinese EV maker WM Motor, said that there is reluctance in the purchase of EVs because the current makers refuse to vend electric vehicles. He added that it is not a surprise that many main associates in the EVs field are not qualified, but stubborn entities like Tesla. As much as electric vehicle costs surge faster, for example, up to 175% year-on-year in the U.K by July this year, they are still affordable in Britain. The majority of current EVs show that 95% of their sales are still in ICE. That means there are few EVs to enable the creation of electric platforms.

Having 95% of vehicles still using the Internal Combustion Engine (ICE) mode, we will have to focus mainly on developing the electric vehicle platform instead of placing more funds on starting new electric cars.  Also, problems encountering workers in the carmaker industry, whereby their powerful unions are afraid of losing their occupations. 

The workforce can be retrained; however, the making of electric vehicles only needs a smaller number of crews. China appears to be less affected since the ICE vehicle industry was impoverished instead of the U.S or Europe. As a result, China has more hopes in electric vehicles to be used for domestic purposes. The majority of China’s carmaker industry bases mainly on cooperative ventures, some of them being VW. So, in China, the EV drive is on consumer startup, and not on incumbents.