Why does every new ev for the US have to be mega deluxe luxury SUV? No one in the US is buying your affordable EV because you only sell them in Europe!
Dealers: We inflated the ever living shit out of the ALREADY inflated MSRP on all our EV's during a global recession and now no one wants to buy any of them!!
Manufacturer: The customers have spoken, EV's are dead.
Typical misleading headline from pro-profiteering Business Insider on an article about how charging too much while people are suffering extreme inflation isn't a great idea but the self-serving execs are blaming the very concept of an alternative to killing millions of people a year 🤬
Bullshit. They make expensive electric cars because thats where the money was.
Here in the eu tons of people want to drive electric, but at the prices they offer in this economy, they'll only reach the wealthy.
The only reason these "c level" directors and managers are coming out and saying this is because the easy money is gone and now they really have to innovate. Which is expensive.
It still hasn’t been ordered, because the manufacturer won’t permit the dealership to order any, and is barely shipping any to Canada, even though they advertise it as their flagship EV.
Meanwhile, lots in the US are full of unsold units.
At the root of this issue is dealership exclusivity. Otherwise new companies would make them cheaper sell them privately and dominate that market. Tesla did some of this but still wanted to be premium. We need generic Tesla to come out, and the other EV companies are obsessed with premium.
Similar to a headline that says "Food products not working", without mentioning escalating costs for the average person. Those that could afford and early adopters are limited.
With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy, at least in the near term.
Several C-Suite leaders at some of the biggest carmakers voiced fresh unease about the electric car market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk.
Even Tesla's Elon Musk warned on a recent earnings call that economic concerns would lead to waning vehicle demand, even for the long-time EV market leader.
These cars are taking dealers longer to sell compared with their gas counterparts as the next wave of buyers focus on cost, infrastructure challenges, and lifestyle barriers to adopting.
In July, the company extended its self-imposed deadline to hit annual electric vehicle production of 600,000 by a year, and abandoned a 2026 target to build 2 million EVs.
"People are finally seeing reality," Toyota Motor Chairman Akio Toyoda said at the Japan Mobility Show, the Wall Street Journal reported.
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