Too Much, Too Fast: The Growing Issue That Faces Electric Vehicles – SlashGear

Logistics are difficult for dealers, and the fact that electric vehicle heavyweight Tesla only sells directly means that contributions to the wider stock issue are limited. All of this makes supply and demand a complex issue to navigate when it comes to electric cars. In some areas, there simply aren’t enough of them for would-be purchasers to get them. In others, however, the inverse is true: there are too many electric cars, and buyers can’t be found.

According to Cox Automotive data reported by Axios in July 2023, U.S. stock of electric vehicles increased by 3.5 times in 2023. However, several models, such as the Nissan Ariya, Genesis G80, and GMC Hummer EV SUV, are among those that aren’t performing very well. A big reason for this, the report suggests, is because they’re expensive.

The unconventional components of an electric vehicle, such as its battery, drives up costs and cost concerns considerably. Tesla’s Battery and Drive Unit Limited Warranty notes that the warranty lasts eight years or 100,000 to 150,000 miles, depending on the model (electric cars are all different), but the batteries themselves can be very expensive and drivers may fear that cost. Repairs and changes more generally, of course, will be harder to access for more specialized parts. Cost concerns, then, mount quickly for drivers.