Technology

59555 readers

3438 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

554

Car dealers say they can’t sell EVs, tell Biden to slow their rollout (arstechnica.com)

submitted 1 year ago by boem@lemmy.world to c/technology@lemmy.world

613 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Lutra@lemmy.world 2 points 11 months ago

https://electrek.co/2023/11/29/car-dealers-falsely-claim-voice-customers-push-slower-electric-car-adoption/

However, what those dealers are leaving out of their argument is that BEVs are not the only vehicles sitting unsold on their lots.

In fact, new-vehicle inventory is at a two-year high, according to Cox Automotive research.

As of the start of November, new-vehicle inventory volume in the US was sitting at a record 2.4 million units. It is safe to say that those are mostly gasoline-powered vehicles since the inventory level is currently higher than the number of EVs that the US will produce all year.

The truth is that the current interest rates have affected all automotive sales, EVs or otherwise.

It’s true some of those people who placed reservations for EVs last year are reconsidering their purchases now, as highlighted by the >group of dealers, but that’s not because they are not interested in EVs anymore. It’s because they can’t afford the several hundred >dollars more for the monthly payments now, thanks to high interest rates.

Some wont Stock them https://electrek.co/2023/05/09/us-car-dealers-evs/