if you build it but nobody wants it, it won’t sell.
The number of unsold electric vehicles at dealers in the second quarter tripled compared to the past year, signaling a weakened demand for the segment, said a recent report by leading auto-dealer data company Cox Automotive.
In second quarter 2023, the average inventory for electric vehicles (EVs) topped more than 92,000 units on the ground at dealer lots, according to the 2023 Cox Automotive Mid-Year Review presentation. This is up 342 percent compared to second quarter 2022. During this period, the new “EV days’ supply,” which refers to the average number of days a warehouse holds inventory before selling it, rose 166 percent, to 92 days from 38.5 days. While the pace of EV sales is up, it is “not rising as fast as inventory builds,” said Jonathan Gregory, senior manager, Economic and Industry Insights.
Original equipment manufacturers (OEMs) are facing a “field of dreams moment,” he stated. “They have built inventory, and now they wait for buyers to come. This is one of the hottest topics we’ve had this year.”
“Lack of public charging infrastructure and price have been the top two concerns for the past 10 months, along with related issues involving range anxiety, time required to charge, and power outage and grid concerns,” the report said.
Not to mention that little blowing-up-and-burning-to-cinders problem. A trifling concern, I know. But still.
While inventory is building up at dealer lots, a study by Cox Automotive found a wide gap between dealers and customers regarding future expectations of EV use.
According to Cox Automotive’s 2023 Path to “EV Adoption: Consumer and Dealer Perspectives” study, even though 53 percent of consumers see EVs as a future and that such vehicles will replace gas engines over time, only 31 percent of dealers held such a view.
“Nearly half (45 percent) of dealers surveyed feel that EVs still need to prove themselves in the marketplace,” said a press release on June 27.
No need for such an outlandish thing, not in Amerika v2.0 there ain’t. That’s why the Überstadt had to make the blasted yuppie-puppy toys mandatory, see. Which is telling in and of itself; as Jefferson told us, “It is error alone which needs the support of government. Truth can stand by itself.”
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EVs: an idea so good they have to be subsidized by the government, and sold at gunpoint.
This will be glorious
“According to Cox Automotive’s 2023 Path to “EV Adoption: Consumer and Dealer Perspectives” study, even though 53 percent of consumers see EVs as a future and that such vehicles will replace gas engines over time, only 31 percent of the brainwashed dealers held such a view.”
Fixed it
The true goal of the EV movement is to prevent any movement.
Exactly, precisely so, Barry. Call it Mike’s Iron Law #149: No matter what the issue or context, it’s NEVER about what they’re telling you it is; ultimately, the real intention, goal, or agenda is only about more power and/or wealth for THEM, and less freedom for YOU. Gonna have to add that to the list later today…
Well, pussy downvoter –
How many new power plants are the people pushing EV’s proposing be built?
How much new transmission infrastructure are they proposing be built to supply the electricity required?
It would require a 75-85% increase in both to power an all electric vehicle future.
Only those with substandard IQ’s can’t figure this out.
Look, the poor thing, cats got his tongue, and keyboard.
pussy
Oh and hint: I’m not the downvoter 🤪😁🙃🤭🤗
Hmm…
CA is having blackouts and TX is asking customers to voluntarily reduce their electricity usage.
We are basically at the cusp of failure with EVs already.