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.
20+ Photos Proving That You Can Find Something Cool, Even in a Pile of Old Junk
The people from this article learned that something truly valuable can be found in unexpected places like a secondhand store or a flea market. You don’t have to have any special knowledge or skills — sometimes you just have to be a little lucky.
Bright Side is about to show you some photos taken by lucky people who managed to buy some cool and very expensive stuff when they least expected to.
“In high school, I found this vintage apple necklace that I loved at an antique store, but I left it at an ex-boyfriend’s house and never got it back. Yesterday I walked into an antique store and SAW THE SAME NECKLACE! 10 years later and 700 miles away, the treasure hunt always pays off!”
“I found a nice hardcover edition of a book I’ve been wanting to read at Value Village, and I was happy to pay the $5 for it. Then I found this when I flipped through it at home.”
“I always make sure to look through the entire costume jewelry section before leaving and today I found this diamond sapphire engagement ring in a rummage bowl for $2. Took it to a jeweler straight after and they confirmed it was real.”
“I was searching for a suit for a wedding and found a 3-piece with a retail value of $1,700. And I paid $20 for it!”
“Needed an emergency dress for an event yesterday and found one for $9 at my favorite charity shop!”
“Found a camera in a thrift store that belonged to a soldier in WW1. It has undeveloped Verichrome film in the back.”
“I found a Loewe ’puzzle’ bag in pristine condition for $20 at Goodwill. It retails at $2,590.”
“Always check your piggy banks! Found $170 in a piggy bank that cost $7!”
“Found my wedding dress today. I believe it’s from the 1950s and I only paid $64 for it and I’m in love. Going to add my own twist to the top and redo the corset but the bottom is staying just how it is.”
“This is the best $1.99 I will ever spend in my lifetime. The book has a photo of Stephen King and his autograph in it!”
“This is a thrifted vintage gown that resembles the lamé dress Marilyn Monroe wore. I did not nail the pose, I know…”
“Went to a house clearance sale and found this pin marked as ’costume jewelry’ for $5. Took it to a jeweler and they confirmed it’s unmarked gold with diamonds and sapphires.”
“3 designer blazers on the same trip to GW — I paid under $15 for all 3.”
“Fell in love with this painting and got it for $10!”
“I found a $5 vintage, heavily-beaded, seashell purse with a handmade tag inside. It’s so pretty!”
“Cute vintage strawberry salt and pepper shakers, new and in a box”
“Found $5 in this jacket I paid $6 for.”
“I got a Harry Potter wand for $1.78.”
“I only started learning embroidery a few days ago and found 700 skeins of string for $5 at a thrift store. They retail for about $.50 each.”
“This was probably my favorite purchase ever! A $3 vintage wedding dress!”
“I was told this was a green amethyst and haggled it down to $42. Took it to a jeweler to have it appraised — it’s a rare green diamond over 100 years old, conservatively worth more than $8,000!”
We’re sure that our readers have interesting stories too. Which of your purchases do you think was a really great find? Tell us!
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