51% of EV Owners Consider Switching Back to ICE Vehicles

A recent Park+ survey found that 51% of Electric Vehicle (EV) owners are considering reverting to internal combustion engine (ICE) vehicles due to ongoing difficulties with EV ownership.

The survey, conducted with 500 EV owners in Delhi NCR, Mumbai, and Bangalore, highlighted several key issues.

Charging Stations:

88% of EV owners were more concerned about finding accessible and functional charging stations than their vehicle’s range. Despite over 20,000 charging stations in India, problems with visibility and accessibility continue.

Maintenance Costs:

73% of owners find maintenance costs unclear, facing difficulties with minor repairs and trouble obtaining second opinions on repair costs.

Resale Value:

33% of respondents reported a significant drop in their EV’s resale value. While this may improve as the market evolves, the absence of standardised tests for EV battery quality, accounting for 30% of the vehicle’s value, remains a significant issue.

Model Preferences:

The TATA Nexon EV is the most preferred model, chosen by 61% of owners, followed by the TATA Punch EV at 19%. TATA EVs are praised for their design and safety, whereas BYD struggles with high prices and limited test drive opportunities