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10 Electric Cars that Dealers Can’t Sell ! | Here is why!

Generally, investors will lose all of their money, unless a small portion of their investment is redeemed through the sale of any company assets.

The EV Dilemma: A Deep Dive into Electric Vehicle Market Challenges

In a world increasingly embracing electric vehicles (EVs), a dedicated $6.5 billion plan aimed at selling electric-only vehicles has hit a roadblock — the auto industry is cranking out more EVs to challenge Tesla, but a significant hurdle remains: a shortage of buyers.

Consumer Skepticism and Growing Concerns

Not everyone is convinced about the EV revolution. While some EVs are making waves, consumers are meticulously weighing their options, grappling with concerns over costs and charging infrastructure. This skepticism suggests that achieving a substantial EV market share might be more challenging than initially anticipated.

To provide real-time insights into this dilemma, we turn to EV inventory data from Car Edge. The analysis ranks electric models based on Market day supply, representing the number of days it would take to sell the current vehicle inventory at the existing sales rate.

Model-Specific Challenges

10. Mercedes-Benz eqe

Mercedes-Benz, actively expanding its EV lineup, faces a predicament with the 2023 Mercedes-Benz eqe. Despite claiming a maximum driving range of 305 miles, a Mercedes dealership manager in the U.S. reveals an oversupply of EVs, with over six months’ worth in stock and only a 50-day supply of gas cars. Dealers, according to Car Edge, carry a substantial 144 days of supply for the Mercedes-Benz eqe.

9. Cadillac Lyric

GM’s luxury brand, Cadillac, grapples with profitability issues in selling EVs. The Cadillac Lyric electric crossover experiences a price slash in foreign markets, reflecting a challenging market. Dealers hold 2,681 Lyric EVs, amounting to a 151-day supply. General Motors’ response includes delaying the Silverado EV pickup truck due to shrinking demand and redirecting 1,000 employees from an EV-focused plant.

8. Nissan Leaf

Once a favorite, the Nissan Leaf, released in 2010, faces a decline in sales. Dealers in the U.S. hold 2,626 units for a lengthy 161 days of market supply. Nissan acknowledges the slowing sales trend and decides to phase out the Leaf EV.

7. Ford F-150 Lightning

Despite the anticipation surrounding Ford’s all-electric F-150 Lightning, reality strikes differently. Close to 9,000 Lightning trucks sit idle in U.S. dealerships, translating to a substantial 182 days of market supply. Ford grapples with challenges, including laying off workers at an EV plant and struggling to meet demand for the Maverick hybrid pickup.

6. Genesis gv60

Genesis enters the EV market with the gv60, but the excitement wanes quickly. U.S. dealers carry a 190-day supply of the Genesis gv60, signaling a lag in sales compared to its counterparts like the Hyundai ionic 5 and Kia ev6.

5. Ford Mustang Mach-E

Ford’s EV ambitions outpace demand, especially evident with the Ford Mustang Mach-E. Dealerships harbor around 25,000 Mach-E crossovers, idling for an extensive 204 days of market supply. Ford’s hefty investments in the EV future clash with the challenge of turning a profit.

4 and 3. Mercedes-Benz eqs SUV and Sedan

Despite being well-positioned to step into the electric future, Mercedes-Benz struggles to sell the eqs models. Dealers face a significant hurdle, holding over 221 days of supply for both the eqs sedan and SUV. Complaints emerge about the lack of aspiration in the eqs lineup.

2. Porsche Taycan

Porsche’s high-performance reputation doesn’t shield it from market challenges. The Porsche Taycan, despite delivering incredible acceleration, faces decreasing sales for almost two years. Dealers currently hold over 2,600 Taycan units, reflecting a 239-day supply.

1. Jaguar I-PACE

Jaguar’s early entry into the EV market with the I-PACE hasn’t translated into success. Dealers struggle to sell the I-PACE, holding about 400 units with almost a two-year supply. Recognizing the challenge, Jaguar decides to discontinue the I-PACE before the brand relaunch in 2025.

Industry Challenges and Trends

Beyond individual models, the EV industry grapples with overarching challenges. Ford’s EV production outpaces demand, leading to an expected loss of at least $3 billion for three years. Dealers face substantial hurdles becoming EV certified, emphasizing the expensive and usually unprofitable nature of these vehicles.

As the industry evolves, the critical question remains: will buyers show up for these EVs, or is the market facing a more profound transformation in consumer preferences? Only time will tell as automakers navigate the complex landscape of the electric vehicle revolution.

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