Quote:
Originally Posted by BrianL99
A lot of people seem to be missing a significant issue with EV's.
Just about everyone who wants one, has one. The market is over-saturated and market demand just isn't there.
The manufacturers wouldn't be making them, if they weren't forced to, in order to meet unrealistic CAFE requirements. Right now, manufacturers are trying to force them on the market. On paper, I'm sure the requirements made sense to some nit wit in Washington, but in the real world, people just don't want electric cars.
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The content of the above post is verified by the businessinsider article titled “Auto Execs ARE Coming Clean, EVs Aren’t Working”. The article sites multiple automaker CEO’s comments during earnings releases, including GM, Honda, Toyota, Mercedes Benz, Ford, and Tesla. Companies are abandoning their EV targets as inventory builds at dealers and significant markdowns and incentives aren’t attracting buyers. Dealers are reporting EV’s are taking much longer to sell compared to their gas counterparts as the next wave of buyers focus on cost, infrastructure challenges, and lifestyle barriers to adapting. Ford dealers have started turning away EV allocations, Toyota’s CEO stated “people are finally seeing reality”, and Mercedes Benz’s chairman said “this is a pretty brutal space”.