According to recent reports, car dealers are informing auto manu facturers that they have too many electric vehicles on their lots and are dialing back orders until their current inventory is soId. Scott Kunes, Chief Operating Officer at Kunes Auto and RV Group, explained that his company is turning away additional EV inventory.
“We have turned away EV inventory. We need to ensure that we have a good turn on it,” he said, as reported on Business Insider. Kunes said that automakers are “asking us to make a Iarge investment….and we’re just wanting to see some return on that.”
Sam Fiorani, Vice President of global vehicle forecasting at AutoForecast Solutions, outlined how EVs aren’t practical for many Americans as they would have to alter their lifestyle when switching from a gas-powered car. “It’s not just that these vehicles are expensive — which they are. We’re talking about a much more nuanced Iifestyle change,” said Fiorani. EVs obviously have a more constrained range than gas-powered vehicles, and charging stations can be sparsely located.
EVs are also notably more expensive than traditional combustion engine-based cars. According to Consumer Reports, the average sale price of an EV is over $61,000, or $12,000 more expensive than the overall average in the auto industry. “It’s hard for the average customer to make that leap while spending an extra $10,000,” Fiorani continued.
Electric vehicle horror stories have also plagued the news, where consumers share personaI anecdotes of the dysfunctionality of these cars. Recently, a Ford F-150 Lightning owner was forced to ditch his EV on a road trip from Winnipeg to Chicago.
The all-electric Ford pickup retails for well north of $100k. However, based on the sentiment from disgruntled consumers, it seems this truck does not live up to its price tag. The man called electric vehicles the “biggest scam of modern times” after his experience with his F-150 Lightning.
While many have lofty projections for EVs in the Iong term, it’s safe to say that these vehicles are not ready to replace the reliability of traditional automobiles. Although, this hasn’t deterred some woke, blue states in the U.S. from preemptively enacting electric vehicle mandates.
For example, California announced it would ban the sale of new gas-powered cars by 2035. Such mandates have drawn concern, particularly from automakers who will be forced to play within the guidelines of these new regulations.
“Whether or not these requirements are realistic or achievable is directIy linked to external factors like inflation, charging and fuel infrastructure, supply chains, labor, critical mineral availability and pricing, and the ongoing semiconductor shortage,” John Bozzella, president and CEO of the Alliance for Automotive Innovation said in a statement. “These are complex, intertwined and global issues.”
Also, many concerns surround the feasibility of a mass transition to electric vehicles. As it stands, this could limit people’s autonomy as driving ranges are limited and charging infrastructure is insufficient. Furthermore, there couId be an affordability crisis as many Americans can’t even afford a new car, let alone the price of a new EV.
Katie Ledecky Shatters Olympic Record After Team USA’s Stunning Silver Win!
Katie Ledecky broke another record on Thursday after Team USA won a silver medal in the women’s 4 x 200m freestyle relay.
The 27-year-old is now the most decorated woman in Olympic swimming history with 13 medals. This latest win broke her tie with swimmers Natalie Coughlin, Jenny Thompson, and Dara Torres.
The Maryland native won her eighth gold and 12th overall medal on Wednesday in the 1500m freestyle. She finished the race in record time – 15:30.02 – tying Thompson for the most gold medals by any female swimmer in Olympic history.
While swimming, Ledecky told reporters she let her mind wander and thought about everyone who helped her get to where she is today.
“And I kind of let my mind wander during the race, thinking of all the people that have trained with me. Was kind of like saying their names in my head and thinking about them. To my Florida crew, all those Florida boys that pushed me every day, I love you guys. I mean, I know I make your life hard a lot of days, but you guys made my life a lot easier today, so thank you so much.”
On Thursday, 27-year-old swimmer Katie Ledecky had another chance to add to her medal count.
Team USA, made up of Ledecky, Claire Weinstein, Paige Madden, and Erin Gemmell, competed in the 4 x 200m freestyle relay and finished second, behind Australia.
This win gave Ledecky her 13th medal, making her the most decorated American woman in Olympic history and the most decorated woman swimmer in the world. Only Michael Phelps, with 28 medals, has more than her.
As swimming events come to an end, Katie Ledecky still has one more chance to add to her medal collection. She will compete in the 800m freestyle on Saturday.
Even though the Paris Olympics is Ledecky’s fourth Olympics, she hopes to compete in the Los Angeles games in 2028.
“Yeah, I’ve been consistent these last few months and these last few years in saying that I would love to compete in LA, and that hasn’t changed.”
Congratulations, Katie! You are the greatest of all time.
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