EV Auto Industry Struggles as Supply Outpaces Consumer Demand

SalesMoney MattersElectric VehiclesHigh Tech / High Touch
Written By Jennifer Joslyn

The auto industry is facing a significant challenge as the supply of electric vehicles (EVs) outpaces consumer demand. Although interest in EVs is growing, potential buyers remain hesitant due to concerns about pricing and charging infrastructure. While automakers have produced a wide range of EV models, sales are not keeping up with the increased inventory, indicating a mismatch between supply and demand. However, with more charging infrastructure development and the projected price parity between EVs and gasoline vehicles by 2025, the industry remains hopeful for increased EV adoption in the future.

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Jennifer Joslyn
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