as China emerges as the front runner in the global
push for cost-effective electric vehicles American auto manufacturers like Tesla find themselves
Under Pressure to swiftly adapt to avoid losing ground in their home Market once comfortably
positioned at the top Us automotive Giants now confront a formidable challenge China's
rapid expansion in the lowcost electric car sector previously underestimated Chinese
manufacturers led by companies like byd backed by Warren Buffett have made signifi
cant
strides now accounting for onethird of global electric vehicle sales up from 15% in 2020 Elon
Musk once dismissive of byd's potential now warns of the threat posed by Chinese cars cautioning
that they could significantly impact American manufacturers if allowed to gain a foothold
in the US market General Motors and Ford are heeding These Warnings recognizing the urgency
to accelerate efforts to offer affordable models before China establishes dominance while Tesla
and other major play
ers focus on high-end models Chinese Brands already provide a diverse range
of offerings from budget friendly City cars to luxury SUVs with Beijing eyeing exports including
to the United States further intensifying the competition the automotive industry is gearing
up for increased electric vehicle EV production to rival Tesla but a significant hurdle remains
a lack of sufficient buyers consumer skepticism about EVS driven by concerns over cost
and charging infrastructure suggests that gain
ing market share in the EV sector may be more
challenging than initially anticipated to offer realtime insights we've compiled EV inventory data
from Cur Edge to identify which electric models are languishing on dealership Lots traditionally
we've ranked this list based on Market day supply indicating how long it would take to sell the
current vehicle inventory at the current sales rate before we delve into the details if you're
new to the Channel please consider subscribing for more simila
r content now without further
Ado let's start from the bottom at number 10 we have the mercedesbenz EQ Mercedes-Benz has
been expanding its lineup to include EVS with the 2023 Mercedes-Benz eqe being one of its recent
additions this allnew electric sedan buil bu on a shortened version of the EQ platform introduced
with the eqs boasts a claimed maximum driving range of 35 M for the non-amg model however dealer
inventory data suggests tepid customer interest in this electric sedan according t
o a US Mercedes
dealership manager they currently have over 6 months worth of EV inventry compared to only a
50-day supply of gas powered cars the imminent influx of electric vehicles is apparent regardless
of consumer demand dealers currently have a 144 day supply of the Mercedes Benz EQ indicating the
challenge ahead moving on to number nine is the Cadillac lyric General Motors faces profitability
challenges in selling EVS with its luxury brand Cadillac forced to slash prices for the lyri
c
electric crossover in certain markets the lyric SUV Cadillacs initial fora into the luxury EV
Market offers up to 312 M of range per charge in both single motor rear wheeel drive and dual
motor all-wheel drive models however demand for the ly in the US is lackluster with 2681 ly EVS
languishing in dealer Lots equivalent to 151 day supply notably GM's postponement of the Silverado
a pickup truck release underscores the diminishing demand and Engineering obstacles finally at number
eight w
e have the Nissan Leaf since its 2010 debut this electric compact car enjoyed popularity as
one of the first mass Market EVS however priced at an average of $33,000 its sales have steadily
declined in recent years with Nissan phasing out the leaf EV the sluggish sales of this older EV
Model come as no surprise based on inventory data Nissan Leaf units are plentiful in US dealerships
with 2626 units awaiting buyers translating to a 161 day market supply moving to number seven is
the Ford F15
0 Lightning despite its presence on the roads for over a year the electric pickup
truck isn't flying off the shelves as expected approximately 9,000 lightning trucks are currently
stocked at us dealerships ready for immediate purchase amounting to a 182 de market supply
the 2023 Ford F-150 lightning models come with various configurations including two electric
motors powered by different battery packs the larger battery pack opan yields an impressive 580
horsepower enabling acceleration fr
om 0 to 60 M mph in Just 4 seconds however the EPA estimated
driving range ranges from 200 to 230 Mi with the base battery and up to 320 M with the larger one
but towing a trailer significantly reduces battery life necessitating frequent charging stops
this contrasts with the quick refueling of traditional gasoline vehicles highlighting the
complexity of battery charging despite Ford's significant investment in its electric future
demand for the electric F-150 has waned leading to the layof
f of approximately 700 workers
at the Michigan plant that manufactures the electric F150 unrelated to recently labor strikes
conversely the company faces high demand for the Maverick a combustion-based hybrid pickup truck
this disparity prompts Ford to reassess buyer interest in electric vehicles moving to number
six is the Genesis gv60 the first electric vehicle from Genesis introduced for the 2023 model
year available in two variants Advanced and performance both feature a dual motor all-
wheel
drive system with a 77.4 4 Kad battery although the gv60 generated excitement upon its release
dealer inventory data indicates a 190 day supply in the US suggesting sluggish sales despite
being in its second model year the gv60 sales have been modest averaging around 250 units per
month in the US this figure pales in comparison to its counterparts the Hyundai ionic 5 and Kia
ev6 each achieving monthly sales volumes close to 2,000 units the GV 60's aggressive pricing
May contribute to
its lackluster demand despite its luxury status data from Edge indicates the
average selling price of the 2023 gv60 is about $66,000 before we move on please consider liking
this video If you find this information helpful now on to number five the Ford Mustang Mac
e this suggests that Ford's electric vehicle Ambitions exceed current demand levels sales
figures inventory levels and dealer sentiment collectively indicate an excess of Mustang Mac
ease in stock available with either a standard
range 70 KW hour battery or an extended range 91
KW hour pack roughly 25,000 ma e crossovers await buyers at Ford dealership Lots representing a 204
day supply per car Edge despite aiming to produce 600,000 electric vehicles this year with a $50
billion doll investment Ford expects losses of at least $3 billion and may not achieve profitability
in this segment for 3 years offering substantial rebates and implementing aggressive price cuts
to compete with Tesla's pricing strategy are not im
proving profitability additionally dealers
must invest $500,000 to over $1 million to become certified to sell these often costly
and unprofitable Vehicles an East Coast Ford dealer told Autoblog Insider that while they are
optimistic about electric vehicles Ford's current production rate does not align with customer
demand ranked at number four and three are the Mercedes-Benz eqs SUV and sedan Mercedes-Benz
stands out as a brand poised to embrace the electric future possessing the financia
l
resources necessary for such a transition position the latest additions to its EV lineup
the 2024 Mercedes-Benz eqs sedan and SUV Target a fluent centel equipped with a lithium ion battery
pack boasting a usable capacity of 108.4 KW hours these models offer a driving range varying
from 205 to 340 M depending on the specific variant however Mercedes dealers are encountering
difficulties in selling e with complaints about the eqs lacking aspirational appeal and carrying
too high a price pr
emium particularly at the top end of the EQ lineup additionally there is minimal
lease support available according to car Edge reports dealers currently have over 221 days worth
of eq's models in their inventory despite both the eqs sedan and SUV having a starting manufacturer
suggested retail price MSRP of approximately $15,000 customer customers are paying an average
sale price of $130,000 ranked at number two is the Porsche tyan Porsche's inaugural electric vehicle
the tyan embodies the
sleekness of a sports car sedan while upholding the Brand's renowned high
performance Legacy launched in 2020 the Porsche taan impresses with its exceptional acceleration
precise handling and bold design however Porsche has fac it challenges in maintaining sustained
success with the takon as reflected in declining sales figures over nearly 2 years according to
karaga data us dealers currently hold slightly over 2600 tan units translating to a 239
day supply at the present sales Pace this si
gnificant number applies to less mainstream EVS
with an average price tag of $131,000 leading the pack is the jaguar ice despite an early launch
compared to its Rivals Jaguar has struggled to gain momentum with its iace electric crossover
facing sales challenges at dealerships initially priced at $80,000 in 2019 the final cost often
exceeded $90,000 due to optional features however potential buyers hesitated due to concerns
about the untested ev's limited range and early technical issues ma
ny found it challenging to
achieve the promised 300 mile range with various electronic problems adding to the vehicle's wo
moreover early buyers encountered difficulties in servicing their epas EV due to dealership
technicians lack of training as highlighted by clarage currently us Jaguar dealers have around
400 unsold units equal to nearly 2 years of market supply indicating minimal demand consequently the
automaker plans to discontinue the ipace ahead of its 2025 brand relaunch that concl
udes our
discussion if you appreciated this video and want more similar content please consider subscribing
and don't hesitate to share your thoughts in the comments section are you considering an EV for
your next vehicle or do you already own one
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