Most US car buyers aren’t interested in purchasing electric vehicles, incentives or not, a group of US car deals known as EV Voice of the Customer warned the Biden Administration on Tuesday.
In a letter addressed to US President Joe Biden, EV Voice of the Customer persuaded the Administration to pump the brakes on federal regulations that would require two-thirds of all vehicles sold in the United States in 2032 to be electric—because it simply isn’t what car buyers want, even with the current incentives.
The group of 3,700 dealers spread across all 50 states and covering all major car brands stated that electric vehicle inventories on car dealership lots are growing as deliveries outpace demand.
“The reality is that electric vehicle demand today is not keeping up with the large influx of BEVs arriving at our dealerships prompted by the current regulations. BEVs are stacking up on our lots,” the letter read in part.
According to EV Voice of the Customer, the reason for car buyers’ reluctance to purchase EVs stems from the still high price of EVs---even with incentives—and the fact that most buyers don’t have a garage. Other concerns cited include insufficient charging infrastructure, energy grid instability, and critical minerals required in the manufacture of EVs batteries.
The group referred to the federal push as “Draconian,” recommending instead that the Administration “Allow time for the American consumer to get comfortable with the technology and make the choice to buy an electric vehicle.”
The letter acknowledged that the appeal of EVs will grow over time. "Early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell. But that enthusiasm has stalled. Today, the supply of unsold BEVs is surging, as they are not selling nearly as fast as they are arriving at our dealerships -- even with deep price cuts, manufacturer incentives, and generous government incentives."
By Julianne Geiger for Oilprice.com
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