According to recent reports, car deaIers are informing auto manufacturers that they have too many electric vehicles on their lots and are dialing back orders until their current inventory is sold. Scott Kunes, Chief Operating Officer at Kunes Auto and RV Group, expIained that his company is turning away additional EV inventory.<\/p>\n
\u201cWe have turned away EV inventory. We need to ensure that we have a good turn on it,\u201d he said, as reported on Business Insider. Kunes said that automakers are \u201casking us to make a large investment\u2026.and we\u2019re just wanting to see some return on that.\u201d<\/p>\n
Sam Fiorani, Vice President of global vehicle forecasting at AutoForecast Solutions, outlined how EVs aren\u2019t practical for many Americans as they would have to alter their lifestyle when switching from a gas-powered car. \u201cIt\u2019s not just that these vehicles are expensive \u2014 which they are. We\u2019re talking about a much more nuanced lifestyle change,\u201d said Fiorani. EVs obviousIy have a more constrained range than gas-powered vehicles, and charging stations can be sparsely located.<\/p>\n
EVs are also notably more expensive than traditional combustion engine-based cars. According to Consumer Reports, the average sale price of an EV is over $61,000, or $12,000 more expensive than the overall average in the auto industry. \u201cIt\u2019s hard for the average customer to make that leap while spending an extra $10,000,\u201d Fiorani continued.<\/p>\n
Electric vehicle horror stories have also plagued the news, where consumers share personal anecdotes of the dysfunctionality of these cars. Recently, a Ford F-150 Lightning owner was forced to ditch his EV on a road trip from Winnipeg to Chicago.<\/p>\n
The all-electric Ford pickup retails for well north of $100k. However, based on the sentiment from disgruntled consumers, it seems this truck does not live up to its price tag. The man called electric vehicles the \u201cbiggest scam of modern times\u201d after his experience with his F-150 Lightning.
\nWhile many have lofty projections for EVs in the long term, it\u2019s safe to say that these vehicles are not ready to replace the reliability of traditional automobiles. AIthough, this hasn\u2019t deterred some woke, blue states in the U.S. from preemptively enacting electric vehicle mandates.
\nFor example, California announced it would ban the sale of new gas-powered cars by 2035. Such mandates have drawn concern, particularly from automakers who will be forced to play within the guidelines of these new regulations.<\/p>\n
\u201cWhether or not these requirements are realistic or achievable is directly linked to external factors like inflation, charging and fuel infrastructure, supply chains, labor, critical mineral availability and pricing, and the ongoing semiconductor shortage,\u201d John Bozzella, president and CEO of the Alliance for Automotive Innovation said in a statement. \u201cThese are complex, intertwined and global issues.\u201d
\nAlso, many concerns surround the feasibility of a mass transition to electric vehicles. As it stands, this could limit people\u2019s autonomy as driving ranges are limited and charging infrastructure is insufficient. Furthermore, there could be an affordability crisis as many Americans can\u2019t even afford a new car, let alone the price of a new EV.
\nEven more questions relate to the sustainability of America\u2019s energy mix and electricity grid. Ironically, California, the state leading the mandates on EVs, was forced to ask residents to stop charging their electric vehicles to conserve energy amid a heat wave.<\/p>\n","protected":false},"excerpt":{"rendered":"
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