Quote:
Originally Posted by shut the front door
There's a reason the automakers are pushing back against Biden.
"In a public letter to President Biden, 3,882 car dealers spread across the country are asking that his administration slow down its proposed regulations mandating the production and distribution of electric vehicles."
thestreet.com
They interviewed the dealership owner who drafted the letter and he said his dealerships sold 2 EVs last month and a couple hundred non evs. The lots are clogged with cars that nobody wants and it's costing dealers millions in their floor plan interest payments. |
The company I work for has 17 new car dealerships. I can assure you, what you quoted is exactly the case. Everyone who wanted an EV has bought one. The rest of them are sitting in dealer inventories or manufacturers lots, costing a small fortune, due to interest rates.
If something isn't done about CAFE and the governments insistence on EV's, the auto industry is in for a world of hurt. Hybrids are the answer, but the Greenies want EV's.