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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. As noted by Axios , such inventory corresponds to a 92-day supply, which is almost twice the industry average.

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News: 2023 Chevrolet Bolt EV/EUV Get Big Price Drop

Clean Fleet Report

The intention is to make the company’s two electric car offerings more attractive to consumers, especially those that are looking for an affordable alternative to a gasoline-powered car. Chevrolet announced this week that its 2023 Bolt EV and Bolt EUV are going to get major drops in price. Same car, less cost. Bolt EV $26,595 ($32,495).

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Flash Drive: 2024 Chevrolet Equinox EV

Clean Fleet Report

Just your daily driver with no tailpipe The bottom line: If you are shopping to replace your current gasoline-powered SUV there is no reason for not visiting your Chevrolet dealer to seriously consider the Equinox EV. The Equinox EV does everything a gasoline-powered car can do, but smoother, quieter and more economically.

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Price Parity is Not the Key to EV Adoption in the US

EV Adoption

According to a price survey conducted by BloombergNEF , automakers soon will be producing models that are “as affordable—and as profitable—as comparable combustion engine models, and without the help of tax subsidies.” And many higher end models from Tesla, Lucid, GMC, Rivian, and others will approach 400 or more miles.

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Convincing Consumers To Buy EVs

Cars That Think

Total cost of ownership of EVs is generally less than an ICE vehicle over its expected life since they have lower maintenance costs and electricity is less expensive per mile than gasoline, and tax incentives and rebates help a lot as well.

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VW Joke, Kia EV6 Details – EV Week in Review: March 23-30

EV Adoption

4 that will be arriving at dealers soon. It expects these models – likely still referring to a mix of electrified models—to outsell its gasoline models by that point. Clair, Michigan, that will build complex battery enclosures for the all-new 2022 GMC Hummer EV. – March 30, original story via The Verge.

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