Inventory at dealer lots has grown to 92 days: US Electric Car Sales Growth Slows as Inventory Builds Up – Bloomberg
Meanwhile, the local GM/Chevrolet dealer is adding a $5000 dealer market up fee to sales of the Chevy Bolt, an EV with a history of flaming batteries, product recalls, software updates that cut vehicle range, and dated technology that GM has announced it will discontinue this year. This makes no sense for dealers to try and assess this high profit junk fees.
Early adopters, luxury and wealthy buyers with money to spend, and those desiring to virtue signal are a market segment that has likely been fulfilled. To have EVs appeal more widely may require lower prices, improved features (notably range), and other buyer incentives.
This article says much the same thing – Ford Sells Almost No EVs (msn.com) – literally, Ford sold almost no EVs compared to their ICE vehicles.
I might be like many potential buyers – range is too low, charging takes too long, and prices are too high. EVs have their place and I can see some great use cases for EVs – but I can also see that EVs are not ready to meet the needs of other use cases. The Toyota Prius Prime hybrid seems to make a lot more sense to us – but these feature choices may depend upon where you live and the availability of DC fast charging – which is sparse to non-existent for about 100 mile radius where I live. And this issue might not apply to others.
