Brands like Jaguar, Infiniti, and Lincoln had the highest days of supply, at over 100 days. The lowest numbers were seen among Toyota, Honda, Kia, and Lexus, with each brand having less than 30 days of supply. Tesla continued to dominate the luxury EV segment with a market share of 25.5 percent, followed by Mercedes at 12.5 percent, BMW at 12.2 percent, and Lexus at 11 percent. Among EVs priced above $50,000, Ford held the biggest share at 22.1 percent, followed by Chevrolet at 12.1 percent.
According to the firm’s Dealer Sentiment Index, the biggest factor which held back EV dealers during the second quarter was the state of the economy. This was followed by interest rates, limited inventory, market conditions, and credit availability for consumers.
Electric vehicles are being promoted across the United States mainly by Democrats who are putting in place a series of policies that provide incentives to consumers who buy such vehicles and subsidies to companies that set up plants to manufacture them.
"The Big Three automakers—Ford, General Motors, and Stellantis—are taking billions of dollars in government subsidies to go electric, but those benefits aren’t trickling down to UAW members," [the UAW President] said.
According to the union, when GM shut down its traditional vehicle plant in Ohio in 2019, workers were on track to make as much as $30 per hour. When the company opened a new EV plant in 2022, workers were being paid just $16.50 per hour, on track to make only $20 per hour after seven years.
Does Tesla have UAW representation? They're selling 25% of EVs, and there are a plethora of them in my neighborhood.