Automobile dealers complained that EVs were piling up on their lots. This was one of several events in the last few months that made many believe that EV adoption has stalled.
This controversial move highlights an important problem in the EV revolution. That problem is that auto dealers are horribly unprepared for the tsunami wave of EVs that hit the auto industry in the last few years. Many car buyers have complained that the dealerships have very limited knowledge of EVs, and are much more motivated to sell gas-powered cars.
Many experts believe dealers are resisting selling EVs, because EVs have much lower needs for repair, therefore decreasing profits for dealers.
EV adoption has not stalled. EVs piling up on car dealers’ lots are simply because of an overestimation of current EV demand, without considering the many barriers to EV adoption facing American consumers.
Barriers include high vehicle prices, lack of charging, unreliable charging, charging connection incompatibility, lots of EV charging apps needed, and more.
EV adoption has moved from the early adopter stage to the early majority stage. EV adoption is facing new, more significant challenges because of this. Early EV adopters were eager to adopt. They were more willing and able to deal with barriers, such as a lack of public charging.
A comparable example of the EV revolution is when motorized cars replaced horse-drawn carriages. It's that big of a transition.
According to a Cox Automotive Inc. report in October 2023, total sales of battery-powered vehicles exceeded 300,000 in the third quarter of 2023, a first for the U.S. market. As of September, year-to-date EV sales reached over 873,000. This indicates that the market is on track to surpass the one million mark, an important milestone.
Passing one million EV sales in the U.S. is proof that the EV revolution has not stalled. It's simply hit another speed bump, with dealers unhappy about how fast it's moving.
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