Their are a few elements that define the range balance. One is the uncertainty around finding readily available fast charging options EVERYWHERE you want to go. For many folks living in apartments in suburbia or in urban environments, home charging is not currently a ubiquitous option.
Another issue is that many consumers will be unsatisfied with an experience that is not 100% as convenient as an ICE powered vehicle for 100% of the places they want to travel. Even when fast charging becomes more widely available, it takes longer than filling up with gas. Think about how easy it is to find a gas station virtually everywhere in the US. Right now, and in the near term future, you have to be willing to live with EV's being inconvenient sometimes and more time consuming. EV ownership is not a mindless effort as it is with an ICE vehicle
Relatedly, many people worry about long trips to more remote places. Sure, this may only be 1 or 2 trips out of the year but removing your EV from your neighborhood means you are not in territory supporting familiar charging spots. That is a stressor and not everyone wants to travel by road thinking that charging has to be part of my planning process. You don't need to do that with an ICE vehicle. You can just get in, set your Google Maps destination and go knowing gas is available transparently nearly any place you want to drive. Not necessarily so with an EV.
Recently was in upstate New Hampshire. There was a Tesla motorist literally stranded at our hotel because the nearest charge station was more than 30 miles away and her charge limit was telling her she had 20 miles charge left (in a mountainous area which makes range calculations unreliable). Gas was right around the corner. If I have 20 miles range left in an ICE vehicle, filling up is a no brainer. I can tell you that consumer had serious thoughts about what it takes to live with an EV when she was no longer in the Boston suburbs. By the way, she had to wait several hours for someone to tow her vehicle to a charge station. Not a very happy vacation.
People seek long range these days in order to totally avoid the potential situation where they can't readily find a charge station. They also want long range so they can allow for long charging times when it is convenient. Long charge times are not convenient or necessarily acceptable when you are on business related travel or vacation.
