A new report from Startline Motor Finance found the biggest concern for car dealers electrifying the used inventory is the high costs associated with EVs.
FILE: Electric cars are parked at a charging station in Sacramento, Calif., Wednesday, April 13, 2022.
Dealers were asked what would help them adapt to the electrification of their used inventory, which 61% said they wanted cheaper EVs. Less than half of the dealers, or 38%, said EVs with longer range would help adapt, and 28% said there needed to be more variety on the market, or more models.The government set a deadline of 2030 for automobile manufacturers to move away from gasoline-powered vehicles and toward electric.
A Summit White 2023 Chevrolet Bolt EV and a Gray Ghost Metallic 2023 Chevrolet Bolt EUV parked in front of a Hertz rental location in Michigan.
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