California’s push to electrify its cars is facing a potentially serious problem: People aren’t buying electric cars fast enough.
A multimillion-dollar home is close to falling into the Cape Cod Bay.
David Simpson, who owns three car dealerships in Orange County, said he is not seeing increased demand for electric cars. While the initial rollout of some models, such as the GMC Hummer EV, did well at first, the demand did not continue. Sales of the Chevrolet Equinox and Blazer EVs do alright, but aren’t strong, either, he said.Utility says its equipment may have started a small blaze that erupted during January’s LA firestorm“The sales are declining,” Simpson said.
Manufacturers also can buy credits from automakers that have exceeded the target — companies that only sell electric models, such as Tesla or Rivian. To enforce compliance with California’s sales requirements, state officials could impose steep penalties of $20,000 per vehicle on manufacturers that fall short of quotas.
The auto industry group Alliance for Automotive Innovation has been raising these concerns since at least December, when it published a memo entitled, “It’s gonna take a miracle: California and states with EV sales requirements.” The group warns the mandate could depress auto sales in California — as well as in other states that adopt its rules.
The slower growth comes amid overall market sluggishness, with all auto sales in California dipping slightly last year to 1,752,030.
Electric Vehicles Tesla Inc. General News CA State Wire Business David Simpson Dave Clegern Brian Maas U.S. News Elon Musk Loren Mcdonald Donald Trump John Bozzella Gavin Newsom U.S. News
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