Why EVs Are Piling Up At Dealerships In The U.S. October 30, 2023 Unipro2013main Motoring, Motoring News, News, World News </p> <h2>Prices of EVs are down 22% Year-Over-Year</h2> <p> In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that’s mainly driven by Tesla. About two thirds of EVs sold are Elon Musk’s brand. Companies like Ford have ramped up hybrid production as demand has leveled off. While slightly more than half of consumers say EVs are the future and will eventually replace Internal Combustion Engines, less than a third of dealers say so. This all comes at a time when investments in EVs are more than ever. So what’s really going on? Watch the video to learn more.</p> <p>Chapters:<br /> 00:00 — Introduction<br /> 02:06 — Shifting preferences<br /> 05:48 — High costs and uncertainty<br /> 10:38 — A trend of a blip?<br /> 14:08 — The future<br /> <br /> Credit to : CNBC</p> <p> Please support our Sponsors here :
