Up until recently, EV buyers had to wait months for new inventory to arrive. Now, it’s the other way around. What happened?
Sure, supply finally catching up is a factor – but the main culprit is a sudden dropoff in buyers. EV adoption by state seems to hit a wall at around 8%, which tells us that early adopters have already bought their EVs – and everyone else has cold feet.
As much as I’m cheering for EVs, I can understand the hesitation. After all, charging is still a challenge and hybrid cars are SO good now that they’re hard to ignore.