I just read the results of 2023 statistics from both sides of the Atlantic.
From Breitbart:
“Sales of electric vehicles (EVs) are defying the combined urging of green lobbyists and government diktat with just a quarter making up new purchases for 2023, UK data reveals.
Figures sourced by the MailOnline revealed individuals bought 71,984 of the vehicles last year – 23 percent of the total of 314,687. But in 2022 they purchased 88,910 – 33 percent of the total.
“Consumer resistance to EVs is not just restricted to the UK market.
As Breitbart News reported, EVs are “piling up on dealer lots” across America as consumers continue buying traditional gas-powered cars at faster rates.
“Despite major investments from the federal government and automakers into EVs, Americans are just not warming to President Joe Biden’s green energy agenda the way the administration and the industry had predicted.”
While perhaps surprising to the pro-EV crowd, these statistics are not at all surprising to me. Everyone is aware that EVs cost considerably more the gas-powered vehicles, and to me, the initial rush to buy EVs was by those individuals who basically have “money to burn” – meaning that they are in the upper level of economic groups. Once these individuals have their new toys, for the most part, they do not need duplicates. Then the next group to consider purchasing an EV are a bit further down on the economic ladder. They will be more cautious and thus more hesitant to put a large chunk of change into an EV. Here the numerator (those buying an EV) is predictably smaller, and I project that this will continue to continue to decrease as time goes on.
1/16/24