A REPORT by McKinsey China shows that the proportion of electric car owners in third- and fourth-tier cities who regret their purchase stands at a striking 54 per cent, reports Caixin.

This contrasts with the mere three per cent who felt the same way in 2022. Recent findings mark the first decline in EV adoption, signaling a notable shift in consumer sentiment.

This compares with only 10 per cent 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 EVs 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, said the study.

However, this growth has outpaced infrastructure development, particularly in the provision of charging points, leading to grievances among electric vehicle owners, the report said.

The McKinsey report has shown significant disillusionment among Chinese electric car owners in 2023, with 22 per cent stating they wouldn't consider buying another.

This starkly contrasts with the mere three per cent who felt the same way in 2022. Recent findings mark the first decline in EV adoption, signaling a notable shift in consumer sentiment.