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Ford Mustang Mach-E Sales Soar After Discounts, Proving Cheap EVs Are the Way Forward
(www.thedrive.com)
this post was submitted on 02 Apr 2024
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Electric Vehicles
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It's early days for EVs and one thing that really pinched was that COVID happened literally right as manufacturers had just or were about to roll out their EVs. You can't build cars when your workforce is sheltering in place and when they did show up to the factories they couldn't get the parts thanks to supply chain problems. Those woes were then followed by super inflation and labor disputes with the UAW which delayed rollouts even further.
Right now sales are flat / declining because the early release EVs are too expensive for the current economic environment and the 2nd Gen Mainstream EVs are right around the corner. I wanted to buy an EV two years ago but in 2022 they were in very short supply and the dealer markups were insane so I didn't. Prices have returned to something like normal but now we're just months away from the release of the next generation so I'm holding off until they get here.