Why Dealers Are Struggling to Sell EVs: Challenges in the Electric Vehicle Market

Current Trends in the Electric Vehicle (EV) Market:

• Average discount on new EVs is $6,000 (over 15%).
• Some vehicles exceed $110,000, indicating a significant market challenge.
• Manufacturers and dealers struggle to move electric vehicles, despite strong government incentives.

Consumer Behavior:

• Increased reports of former EV owners switching back to gasoline vehicles.
• Concerns about the adequacy of the charging infrastructure are influencing decisions.

Market Observations:

• The excitement and hype around electric vehicles may be fading.
• Check local dealerships for available EV inventory and discounts:
  • Example: Look for the Ford Mustang at a Ford dealership or BMW's i4 models at a BMW dealership.
• Some regions have yet to experience these price discounts, highlighting varying market pressures.

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Okay, here's some more indications from the electric vehicle market that all things could not be great. The average discount right now on new EVs is $6,000—that's more than a 15% discount. Some vehicles are more than $110,000. The factories, manufacturers, and dealers are having a very difficult time moving electric vehicles, even with the very stout government incentives that are put on electric vehicles. What people are finding out is that the charging system may not be up to snuff. People who have had electric vehicles in the past are now going back to gasoline vehicles—that's been a big news story.

The fad or the buzz, or the hype, may be starting to fade a little bit. So if you go by a dealership in your area that sells electric vehicles, take a look and see what's on their lot for EVs. If it's a Ford dealership, look at the Mustang. If it's a BMW dealership, look at the IM models. See what kind of inventory they have and see if they have any discounts posted. Some parts of the country haven't seen these discounts yet, but electric vehicles are really under pressure from the market, where most people are going back to internal combustion engines or at least hybrid, and not going with pure EVs.

Thank you for watching. Remember, you can access live one-on-one personal consultations with a licensed private investigator, a licensed commercial insurance broker, a licensed certified real estate title examiner, and also a certified civil court mediator. So if you have a need to talk to an expert in any of these fields, or even a licensed building general contractor, you can click the link below at actualhuman.com and arrange a live one-on-one session with a licensed expert. You can ask any questions, get information about your situation, and we'd be glad to help.