Turns out the laws Of economics can’t be repealed by Presidential executive order…
Car dealers openly beg Biden to put brakes on electric vehicle drive
No one's buying these things. Just, uh, ignore the massive markups
Nearly 4,000 US auto dealers have signed an open letter urging the Biden administration to slow its plan to push electric vehicles (EVs) onto the populace – because demand is apparently low and the darn things just aren't selling that well.
The
missive puts a dealer spin on what's been reported around America - that battery electric vehicles are sitting on lots unsold now that early adopters have snagged their electric rides. Even the price cuts, manufacturer incentives, and government rebates aren't moving inventory, so the story goes.
"While the goals of the regulations are admirable, they require consumer acceptance to become a reality," the signatories wrote. "With each passing day, it becomes more apparent that this attempted electric vehicle mandate is unrealistic based on current and forecasted customer demand."
No one's buying these things. Just, uh, ignore the massive markups
www.theregister.com