And if the WP notices, it must be worse than they’re actually saying
EV transition cools as demand slows and automakers trim production
The Biden administration’s push to entice more Americans to buy electric vehicles is falling short of expectations as consumers fret over prices, battery range and a lack of charging stations.
U.S. sales of fully electric cars are still growing at a fast clip — they are up by more than 50 percent this year over 2022 — but automakers say growth has slowed in recent months, prompting them to trim their production plans and pause some investments.
“Automakers have moved from rosy to reality because consumer acceptance has grown more slowly. So they are looking at kind of slowing their rollout,” said Michelle Krebs, an industry analyst with Cox Automotive. The transition to EVs is “not going to be linear and there are going to be a lot of bumps in the road,” she added.
There were 869,000 fully electric vehicles sold in the United States in the first 10 months of this year, a 56 percent increase over the same period in 2022, according to data provider J.D. Power. That growth rate marked a slowdown from two years earlier, and was lower than what some automakers had forecast.
The problem is, they think this is some sort of transition, but, it is not a consumer based one, it is a Governmental demand one. Most consumers are not asking for them and aren’t interested. Perhaps the WP reporters should be asking those who are attempting to force this “transition” on Americans if they are driving EVs themselves
“The narrative has taken over that EVs aren’t growing. They’re growing,” Ford Chief Financial Officer John Lawler said in October. “It’s just growing at a slower pace than the industry and quite frankly, we, expected.”
They didn’t ask consumers, they asked government, and now you’re seeing things like 50% of Buick dealers taking buyouts, VW in a massive hole, Lincoln dealers doing the vast majority of their business in used vehicles. Just because the government is telling everyone that Castor oil is great and everyone should get it doesn’t mean we want it.
EV experts say it’s still possible to reach the White House’s target if consumers see progress soon on charging availability — something that should happen as federally subsidized chargers start to appear in the coming months. Mark Z. Jacobson, a renewable-energy expert and engineering professor at Stanford University, said buyers also need more information about the cost savings of going electric.
“Given that driving an electric vehicle saves the average driver about $20,000-$30,000 over 15 years in fuel cost savings alone, I think the only thing holding back consumer demand is a lack of information about this,” he said.
Even the vast majority who keep their vehicles a long time do not keep them 15 years. The average ownership period is 4 years. So, you’ll lose a ton, no too mention your insurance is at least 25% higher. Also, that’s the White House’s target. Last time I checked this is still a free country. If you want one, get one. Forced acceptance is dictatorial.
Meanwhile, the First Street Journal is noticing that investors are fleeing from charging stations.
Read: Even The Washington Post Notices Demand For EVs is Cooling »