One wonders if EV demand has already peaked until there is a leap in the technology or it becomes significantly less expensive.
While there are positive signs in the electric vehicle market, supply is still far outstripping demand.
“The demand is not keeping up with production, which is the opposite story of a year ago,” Cox Automotive executive analyst Michelle Krebs told Grist. “We call it the ‘Field of Dreams’ moment. Automakers are building more, but not enough consumers have come to the field.”
But Krebs also observed that availability isn’t such a bad thing when compared to the wider market.
“A year ago, the average EV price was above the average luxury vehicle price. Today, as inventory and availability build, EV prices are moving closer to the industry average,” Krebs added.
Much of the societal angst for and against EVs is because there is a vanguard of people out there who insist that they are the future for everyone. EVs have become imbued with, ironically, environmental symbolism and represent a statement as much as a vehicle.
Reality is always different. I know a lot of people who love their EVs, but they have a lifestyle that allows for it. They have home chargers and don’t drive a lot. An EV wouldn’t work for my lifestyle. They don’t work for a lot of people, which is why forcing them into the market is causing so much angst.