WRITTEN BY JOANN MULLER ON JUL 11, 2023. POSTED IN LATEST NEWS
Car Pileup: Electric Vehicles Sitting Unsold On Dealer Lots
The auto industry is beginning to crank out more electric vehicles (EVs) to challenge Tesla, but there’s one big problem: not enough buyers.
Why it matters: The growing mismatch between EV supply and demand is a sign that even though consumers are showing more interest in EVs, they’re still wary about purchasing one because of price or charging concerns. [emphasis, links added]
It’s a “Field of Dreams” moment for automakers making big bets on electrification — they’ve built the cars, and now they’re waiting for buyers to come, says Jonathan Gregory, senior manager of economic and industry insights at Cox Automotive.
Driving the news: Cox Automotive experts highlighted the swelling EV inventories during a recent midyear industry review for journalists and industry stakeholders.
https://climatechangedispatch.com/car-pileup-electric-vehicles-sitting-unsold-on-dealer-lots/
