Car Dealers Rejecting EVs After Facing a Harsh Reality
According to recent reports, car dealers 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, explained that his company is turning away additional EV inventory. “We have turned away EV inventory. We need to ensure that we have a good turn on it,” he said, as reported on Business Insider. Kunes said that automakers are “asking us to make a large investment….and we’re just wanting to see some return on that.”
Sam Fiorani, Vice President of global vehicle forecasting at AutoForecast Solutions, outlined how EVs aren’t practical for many Americans as they would have to alter their lifestyle when switching from a gas-powered car. “It’s not just that these vehicles are expensive — which they are. We’re talking about a much more nuanced lifestyle change,” said Fiorani. EVs obviously have a more constrained range than gas-powered vehicles, and charging stations can be sparsely located.
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. “It’s hard for the average customer to make that leap while spending an extra $10,000,” Fiorani continued.
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.
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 “biggest scam of modern times” after his experience with his F-150 Lightning.
While many have lofty projections for EVs in the long term, it’s safe to say that these vehicles are not ready to replace the reliability of traditional automobiles. Although, this hasn’t deterred some woke, blue states in the U.S. from preemptively enacting electric vehicle mandates.