Car dealers are cautioning auto manufacturers about their surplus of electric vehicles, pausing new orders until existing stock is depleted. Scott Kunes, COO at Kunes Auto and RV Group, mentioned they’ve declined more EV inventory, prioritizing returns. Some dealers face substantial investments without immediate payback.
Sam Fiorani, VP of global vehicle forecasting at AutoForecast Solutions, emphasizes the impracticality of EVs for many Americans due to lifestyle adjustments, their limited range, and sparse charging stations. Moreover, EVs are notably pricier, with an average cost exceeding $61,000, discouraging cost-conscious consumers.
Recent EV mishaps have made headlines, such as a Ford F-150 Lightning owner’s unpleasant road trip experience. While optimism surrounds long-term EV prospects, they are yet to match the reliability of traditional vehicles. Some states, like California, have introduced EV mandates, which raises concerns for automakers, considering various complexities and external factors.
The mass transition to EVs poses questions about autonomy, affordability, and the sustainability of America’s energy mix and grid. Notably, California had to ask residents to curb EV charging during a heat wave. Consumer readiness for widespread EV adoption is hindered by practicality issues and insufficient infrastructure. Governments should avoid imposing EVs when they don’t align with market dynamics.
In summary, some car dealers are reluctant to accept more EVs due to current market challenges.
