this post was submitted on 08 Nov 2023
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[–] [email protected] 153 points 1 year ago (3 children)

EVs aren’t working

EVs are the highest growth sector for personal vehicles but are growing a little less than expected, and we can’t make big profits yet

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)

Yeah, I keep reading articles saying the same thing. Auto industry and dealers complaining EV sales are slowing down, yet as you said, it's the fastest growing category.

Of course profits aren't as great now coming off that high during expensive fuel prices the last few years, COVID related shortages causing prices to skyrocket, etc. Not to mention inflation decreasing the value of people's income.

[–] [email protected] 4 points 1 year ago

Automakers also rely on dealers to sell vehicles and the dealers often make most of their money from repairs and maintenance. More than half the maintenance for ICE vehicles is just non-existent on EV's. Not a lot of stuff to do when you get your tires rotated and your brakes checked every 5000k miles.