Shocking Truth About Why Car Buyers and Dealers Resist the EV Market

10 months ago
167

The U.S. automobile market recently saw overall new car sales jump nearly 25% over the last year. But while electric vehicles have received a push from the government and seen a boost in sales, many car buyers remain hesitant to go electric.

Concerns about infrastructure, “range anxiety” and high costs in an uncertain economy have kept EV sales lower than advocates had hoped. The consumer hesitancy naturally has a direct impact on auto dealers, who have to decide what types of vehicles they’re going to keep in stock by weighing government incentives while also preparing for governmental regulations.

The fear of running out of power before finding the next charging station, also known as range anxiety, has been and continues to be a major roadblock in the EV market.

The Biden administration declared that it wants to see 50% of all new vehicle sales be electric by 2030. But experts say it will never happen.

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00:00 Why Car Buyers and Dealers Resist the EV Market
00:15 EV sales
00:25 average car price
01:11 what dealers are saying
02:16 range anxiety
02:30 charging networks
03:27 government mandate
04:01 end of gas cars

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