E25 element 25 limited

Indirectly you do have a point. Many new car purchasers still...

  1. 3,673 Posts.
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    Indirectly you do have a point. Many new car purchasers still have a limited / tight budget. The American EV offerings have been dominated by expensive EV's meaning there were limited affordable options. The lack of the correct offering for the USA market is hindering uptake. Some of commentary about the market is however extremely selective around the statistics used, presumably with the intent to misinform.

    For example, if sales are flat and inventory is up 506% to 82 days of inventory means that a year ago inventory was down at 14 days. If petrol car's retained even close to the same inventory as a year ago this means that EV's were flying off the lot much faster than gas-powered vehicles. The sales yards looked at the sales stats, ordered a whole pile more EV's with the intent to increase their profits by selling more vehicles from their fixed car yard space. Demand slowed from red-hot to simply growing and inventory of EV's built up. Collectively car yards/sales channels for EV's got it slightly wrong and inventory is now higher than for ICE's.

    However as per the following google search, EV sales grew 5% year on year. Accepted its not 10%, 15% or 20%+ but it is growth. The market share increased from 7.8% to 8.9% so EV's were both growing volume and market share.

    https://hotcopper.com.au/data/attachments/6613/6613641-a02340fee223e36e102436012e1c938b.jpg

 
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