Quote:
Originally Posted by getmygoat
We are transitioning from early adopters to mass adoption. You are going to see EV volume explode in the next 5 years.
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If we are on the verge of an explosion in EV sales, why are we subsidizing the sale of EV's so much?
What you have is (for the most part), is people that can afford to buy whatever they want being swayed to buy an EV because of the tax incentives.
Most average people can't afford an EV, even with the incentives, even after a 30 - 40% price drop before the government incentives.
Tesla's dropping their prices because of greatly increased competition in the marketplace, but EV's are piling up on dealers lots (both the new car lots and the used car lots).
Unsold electric cars are piling up on dealer lots
https://www.axios.com/2023/07/10/uns...on-dealer-lots
"Details: The nationwide supply of EVs in stock has swelled nearly 350% this year, to more than 92,000 units.
That's a 92-day supply — roughly three months' worth of EVs, and nearly twice the industry average.
For comparison, dealers have a relatively low 54 days' worth of gasoline-powered vehicles in inventory as they rebound from pandemic-related supply chain interruptions.
In normal times, there's usually a 70-day supply."
So ICE sales are outpacing EV sales dramatically, despite the government incentives. The EV's are readily available, but discriminating buyers aren't following the government's push for them.