It’s neither dealer markups or cost. I sell a ton of brand new cars for different brands. All EVs have a ton in money off. $7500 rebate on top of rebates. A EQS you can get nearly 20% off
The issue is the initial rush of sales was due to a portion of the population ready and excited for a EV. The majority of people are not and enough are not changing their minds fast enough.
Companies overproduced simply because they had such a rush of sales. That base has been sufficed and too few people are changing their minds
It’s neither dealer markups or cost. I sell a ton of brand new cars for different brands. All EVs have a ton in money off. $7500 rebate on top of rebates. A EQS you can get nearly 20% off
The issue is the initial rush of sales was due to a portion of the population ready and excited for a EV. The majority of people are not and enough are not changing their minds fast enough.
Companies overproduced simply because they had such a rush of sales. That base has been sufficed and too few people are changing their minds