{"id":113105,"date":"2021-02-16T22:46:00","date_gmt":"2021-02-16T22:46:00","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113105"},"modified":"2021-02-16T22:46:00","modified_gmt":"2021-02-16T22:46:00","slug":"autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/","title":{"rendered":"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners"},"content":{"rendered":"<ul>\n<li>So-called range anxiety among electric vehicle owners is &quot;dramatically disappearing,&quot; AutoNation CEO Mike Jackson told CNBC on Tuesday.<\/li>\n<li>Most people simply use their EV for day-to-day trips and charge it at home overnight, he said.<\/li>\n<li>&quot;This is a decadeslong journey from the internal combustion engine to electrification,&quot; Jackson added.<\/li>\n<\/ul>\n<p>AutoNation\u00a0CEO Mike Jackson\u00a0told CNBC on Tuesday he believes so-called range anxiety has become less of a worry for Americans buying an electric vehicle.<\/p>\n<p>Concerns about how many miles could be driven before a battery would need to be recharged has long been considered a barrier for EV adoption. But in an interview on &quot;Squawk Box,&quot; Jackson said Americans have better understood how to maximize the benefits of electric vehicles.<\/p>\n<p>&quot;Range anxiety is dramatically disappearing because American ingenuity \u2014 they figured out how they live, how they&#x27;re going to use it, and it&#x27;s not an issue,&quot; he said.<\/p>\n<p>For the most part, people will be driving their electric vehicle for day-to-day trips, Jackson said.<\/p>\n<p>&quot;Here&#x27;s what they like: They buy an electric car, and they tell us, &#x27;You know what&#x27;s great? I never have to go to a gas station again,&#x27;&quot; the auto industry veteran said. &quot;They pretty much use the car within a radius of 200-250 miles.&quot;<\/p>\n<p>That means they don&#x27;t need to seek out public charging stations during the course of their normal routines, he said. &quot;Every time when they get home, they plug it in for the night. That&#x27;s it. They&#x27;re done. They come out in the morning, it&#x27;s fully charged. They didn&#x27;t go to a gas station.&quot;<\/p>\n<p>The situation differs a bit for longer drives such as a cross-country trip, Jackson contended, adding there needs to be more investment in charging for infrastructure.<\/p>\n<p>&quot;But most people who are buying electric cars have an internal combustion engine also in their portfolio of cars and therefore, for long-distance driving, they&#x27;re still using the [Chevrolet] Suburban that will take them anywhere in America,&quot; Jackson said. &quot;For their daily use around their home or office, they&#x27;re delighted to have an electric vehicle.&quot;<\/p>\n<p>Jackson&#x27;s comments follow a slew major developments in the auto industry regarding electric vehicles.<\/p>\n<p>General Motors announced in late January it plans to end production\u00a0of all diesel- and gasoline-powered cars, trucks and SUVs by 2035. And in early February, crosstown rival Ford said it was upping its electric vehicle investment through 2025.<\/p>\n<p>&quot;We&#x27;re not going to cede the future to anyone,&quot; Ford CEO Jim Farley\u00a0told CNBC a day after the EV news was made public.<\/p>\n<p>However, even with the attention-grabbing developments around EV production, Jackson said the industry transition will be drawn out and both types of vehicles will coexist for decades ahead. &quot;This is not like going from the flip phone technology to a smartphone, where they suddenly obsolete everything else,&quot; he said.<\/p>\n<p>By 2030, Jackson said he expects about 20% of new vehicles sold to be electric but only 6% of all vehicles on the road. &quot;This is a decadeslong journey from the internal combustion engine to electrification, but it&#x27;s here. It&#x27;s underway. We embrace it,&quot; he said. &quot;It&#x27;s exciting and we have great vehicles coming from all the manufacturers.&quot;<\/p>\n<p>Jackson&#x27;s comments Tuesday came after AutoNation released better-than-expected fourth-quarter results. The Fort Lauderdale, Florida-based company posted quarterly revenues of $5.8 billion, when analysts had forecast $5.6 billion. Adjusted earnings per share of $2.43 beat Wall Street estimates by 42 cents.<\/p>\n<p>Shares of AutoNation closed up 1% on Tuesday. The stock has risen nearly 70% in the past 12 months.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/02\/16\/autonation-ceo-electric-car-range-anxiety.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So-called range anxiety among electric vehicle owners<\/p>\n","protected":false},"author":3,"featured_media":113104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"So-called range anxiety among electric vehicle owners\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-16T22:46:00+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cfntalkfoto102273028-479191589.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/\",\"url\":\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/\",\"name\":\"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-16T22:46:00+00:00\",\"dateModified\":\"2021-02-16T22:46:00+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/","og_locale":"en_US","og_type":"article","og_title":"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners - Pre Coin News","og_description":"So-called range anxiety among electric vehicle owners","og_url":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-16T22:46:00+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cfntalkfoto102273028-479191589.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/","url":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/","name":"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-16T22:46:00+00:00","dateModified":"2021-02-16T22:46:00+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/autonation-ceo-range-anxiety-no-longer-much-of-a-problem-for-most-electric-car-owners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/113105"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=113105"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/113105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/113104"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=113105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=113105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=113105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}