Automakers across the globe are betting big on electric cars. Collectively, these companies have invested hundreds of billions of dollars into battery plants, R&D, tooling, and marketing. There's just one problem: EVs aren't selling nearly as fast as they can be produced.
A new study by Cox Automotive shows that dealerships across the U.S. are sitting on a significant number of brand-new electric cars. As it turns out, automakers are really good at building new cars at volume—who could have guessed? They're so good, in fact, that the supply of new EVs has outpaced the current demand way ahead of schedule.
EDITOR's NOTE: The URL for this article has changed click
here to view via the new link
Read Article