Some auto-industry observers are calling it a “field of dreams” moment, but if electric-vehicle makers can’t figure out how to bridge the gap between consumers’ curiosity in the products and their willingness to buy them, it may become a nightmare on Main Street.
The supply of unsold EVs on U.S. dealer lots has swelled 350 per cent so far this year, to more than 92,000 units in June. That’s about three months’ worth of inventory and nearly twice the industry average, according to a new report from Cox Automotive, the people behind the Kelley Blue Book auto-pricing guides.
