Why 100,000 Unsold Electric Vehicles EV's Are a Huge Problem

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The automotive sector is witnessing a surge in the production of electric vehicles (EVs) aimed at challenging Tesla's dominance. However, a notable obstacle remains: the limited demand for these vehicles. Not all consumers are fully convinced of the advantages offered by EVs. While certain electric models enjoy popularity, others struggle to gain traction. Consumers are exercising caution, weighing factors such as pricing and the availability of charging infrastructure. This suggests that expanding the market share of EVs may prove to be more daunting than initially anticipated. To provide the latest insights, we've gathered data on EV inventory sourced from CarEdge. This data sheds light on the electric models that are languishing on dealership lots for extended periods. These models have been categorized based on their "Market Day Supply," which indicates the number of days required to clear the existing inventory at the current rate of sales.
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