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Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
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<blockquote data-quote="Babagounj" data-source="post: 5694809" data-attributes="member: 12952"><p>[URL unfurl="true"]https://www.zerohedge.com/markets/we-have-turned-away-inventory-us-ev-market-struggles-cars-pile-dealer-lots[/URL]</p><p></p><p><a href="https://www.zerohedge.com/markets/waiting-buyers-come-unsold-electric-vehicles-piling-car-dealerships-says-report" target="_blank">Rising EV inventories</a> and a <a href="https://www.zerohedge.com/markets/tesla-price-cuts-might-stoke-demand-risks-sparking-price-war-detroit" target="_blank">Tesla-fueled price war</a> could signal the beginnings of a pause in growth for the EV market.</p><p>A recent report from Cox Automotive shows automakers such as General Motors, Ford, Hyundai, and Toyota have more than 90 days' worth of unsold EVs at dealerships in July. That's about 92,000 EVs sitting at lots, more than three times the number compared with a year ago. New vehicle inventories are up about 74% from a year ago.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5694809, member: 12952"] [URL unfurl="true"]https://www.zerohedge.com/markets/we-have-turned-away-inventory-us-ev-market-struggles-cars-pile-dealer-lots[/URL] [URL='https://www.zerohedge.com/markets/waiting-buyers-come-unsold-electric-vehicles-piling-car-dealerships-says-report']Rising EV inventories[/URL] and a [URL='https://www.zerohedge.com/markets/tesla-price-cuts-might-stoke-demand-risks-sparking-price-war-detroit']Tesla-fueled price war[/URL] could signal the beginnings of a pause in growth for the EV market. A recent report from Cox Automotive shows automakers such as General Motors, Ford, Hyundai, and Toyota have more than 90 days' worth of unsold EVs at dealerships in July. That's about 92,000 EVs sitting at lots, more than three times the number compared with a year ago. New vehicle inventories are up about 74% from a year ago. [/QUOTE]
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Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
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