In the first half of this year, there were enough electric vehicles were sold in 92 days, compared to more than 50 days for internal combustion engines.

According to Cox Automotive, the number of new vehicles available in stock at dealerships in the US is sufficient for a 54-day supply. However, when looking specifically at electric vehicles, the supply is enough for 92 days, which marks a significant increase of 343% compared to the previous year.

While electric vehicle sales have been increasing in the US this year, they have not been keeping pace with the growth of available inventory at dealerships, according to Jeremy Robb, Senior Director of Economics and Industry at Cox Automotive.

The availability of electric vehicles in stock is positive news for prospective buyers and addresses one of the major challenges in the transition to electric vehicles: limited inventory. Automakers are now ramping up production and supply processes for electric vehicles, launching more models to meet demand. The increased inventory levels make it easier for consumers to find and purchase electric vehicles. Additionally, the availability of vehicles for test drives plays a crucial role in influencing customers’ decision to switch to electric vehicles.

The disparity in stock availability between electric vehicles and internal combustion engine cars could also impact selling prices in the coming months. In recent months, the price of new electric vehicles has seen a significant decrease. In the second quarter of 2022, the average cost of an electric vehicle was $65,560, whereas it has now dropped to an average of $55,440. If the availability of electric vehicles continues to increase, it is possible that prices could be further reduced.

Cox Automotive estimates that new car sales for the entire year in the US will reach 15 million vehicles, representing an almost 8% increase from 2022. General Motors is expected to maintain its top position in sales for the first half of the year, with a year-on-year increase of over 17%. Toyota remains in the runner-up position, with slightly better results than Ford.

Source: vnexpress.net