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The Street just published a new study regarding the problems we the people and manufacturers are having with electric vehicles. So, tell me again, why we should convert our gas cars to EV's? EV ownership equates to $17 per gallon "The electric vehicle story seems to have changed lately from an expectation of rapid adoption and frantic production to a reality of cooling interest and pullbacks in investments. General Motors (GM) - Get Free Report pushed back its EV targets and postponed its coming EV lineup in what it called an effort to ensure profitability; Ford (F) - Get Free Report postponed $12 billion in EV investments; Hertz is slowing the electrification of its fleets, in part citing weak resale value; and Tesla (TSLA) - Get Free Report remains engaged in a price war meant to entice skeptical buyers. Widespread adoption seems to have hit something of a snag. While some data shows that EV adoption is on the rise, with EV sales making up a record 7.9% of total industry sales in the third quarter, consumer interest is still flagging. Polling from S&P Global Mobility found in May that only 67% of respondents are open to buying an EV, a significant reduction from the 86% of respondents that were open to such a purchase in 2021. While EV adoption might be increasing, the growth in the sector is slowing as consumer concerns over both price and range cool interest. It's no coincidence that Tesla remains so committed to slashing its prices; the biggest pressure point in the transition to EVs, according to S&P, is price. "Multiple hurdles need to be cleared to achieve widespread EV adoption," S&P wrote. "Buyers may want to wait for the next technological advance, or have concerns about charging time and charger availability, but in the end, consumer finances - not engineering - lead the current buying resistance to EVs." Part of the gap in the adoption curve additionally involves differences between early adopters and the masses. Jeremy Michalek, Carnegie Mellon professor of engineering and public policy, told TheStreet in August that the early adopters tend to have garages, meaning they can charge their EVs overnight and at home. For the second, larger wave of adopters who don't have access to overnight charging, better charging infrastructure, more robust batteries and longer vehicle range is a key concern."