Problem with tram was once in limited supply, but now it has become request. United States, EV is sitting on a lot of dealers for a much longer time than their gasoline-powered counterparts, and piled up as most buyers continue to forgo all-electric cars, as axis report. Although the automaker lineup fills in with new electric car model and their production increased, people were still worried about charging and pricing electric vehicles.
The latest reports from Cox Automotive indicate that car buyers are much more interested in electric vehicles today than in the past: 51% of buyers who took part in a recent Cox survey are considering buying an electric vehicle. new or used, up from 38% in 2021, and Cox says electric vehicle sales will surpass the 1 million mark for the first time in 2023, with sales reportedly accounting for around 6.5 % of the entire auto market in the US to date.
Even so, it seems that electric vehicle supply is outpacing demand by a significant margin. The nation’s all-electric cache is reported to be up 350% this year, with a nationwide vehicle inventory of more than 92,000 vehicles. That means a 92-day supply of EVs, almost double the current average for gasoline-burning cars.
The ample supply of electric vehicles doesn’t seem alarming as the industry average is a 70-day supply in “normal time”, each axis, but ICE-equipped vehicles are currently at 54-day supply. And hybrids are having a particularly good year, with supplies falling to 44 days. Toyota’s traditional plug-in and hybrid vehicles are performing at their best in 2023, with current supply for Prius And RAV4 sit in under 30 days each. axis claims that this reaffirms Toyota’s argument that car buyers need a “stepping stone” from ICE to EV.
As if the popularity of Toyota’s hybrid cars weren’t enough, the Japanese automaker’s pedal argument could be materialized with an all-electric motor. Toyota Bz4X sat at dealerships for 101 days long – almost twice as long as gasoline-powered cars are sold today. Then again, it might not be fair to lump all EVs with Bz4X, which is already besieged by recall And Other problems. The thing is, the Toyota Bz4X isn’t the only EV that’s floundering at dealerships.
The Audi Q4 e-tron, Q8 e-tron and GMC Hummer EV SUV are currently in stock and easily available in 100 days. The Ford Mustang Mach-E has a 117-day supply, though Ford said it anticipates a spike in demand in the coming months. We shall see. The Genesis Electrified G80 currently has a longest daily supply of 350 days. In fact, the Korean automaker only sold 18 sedans in the first half of 2023. The roughly $82,000 list price of the luxury EV may have something to do with that, as well as the car’s lack of qualification. sue for federal tax credits due to its high price tag.
While the industry has previously dealt with supply chain woes limited the production of electric vehicles, it seems that supply is no longer an issue. What are these cars now? Elon Musk called “demand problem” in the past. But it’s not all and murky – alleged. According to industry analysts, electric vehicle prices will be on par with ICE-equipped vehicles by 2025 or so. Hmm. Where have we heard that before?
