EV Fail: Car Dealers Turning Away From Electric Vehicles After Learning Harsh Economics Lesson
Car dealerships are telling auto manufacturing companies that they have more than enough electric vehicles in stock and don’t want more on their lots until the current inventory sells.
Nonetheless, those same manufacturing companies are producing more electric vehicles than ever before, according to Insider.
Manufacturers are “asking us to make a large investment,” Scott Kunes, the chief operating officer of Kunes Auto and RV Group, told Insider, “and we’re just wanting to see some return on that investment.”
Kunes’ company was founded in 1996 and sells foreign and domestic cars and recreational vehicles at “over 40” locations in Illinois, Iowa, Minnesota and Wisconsin, according to the company’s website.
“We have turned away EV inventory,” Kunes said.
