Axios - The auto industry is beginning to crank out more electric vehicles (EVs) to challenge Tesla, but there's one big problem: not enough buyers. ... Cox Automotive experts highlighted the swelling EV inventories during a recent midyear industry review for journalists and industry stakeholders. EV sales, which account for about 6.5% of the U.S. auto market so far this year, are expected to surpass 1 million units for the first time in 2023, Cox forecasts. A Cox survey found that 51% of consumers are now considering either a new or used EV, up from 38% in 2021... Yes, but: sales aren't keeping up with that increased output.
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
July 10, 2023
Electric car buying not keeping up with EV production
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