US Politics

Car Dealers are Worried about Biden and His EV Mandate

Joe Biden May 2023

Car dealers are concerned that Biden’s electric vehicle (EV) mandate could negatively impact their sales. They have sent a letter urging him to reconsider the requirement of having two-thirds of new cars be EVs by 2032. They argue that the current slump in EV sales is hurting their business. These local car dealers hold significant political influence, and Biden might consider expanding tax incentives to support their concerns. However, the long-term effects of the EV mandate remain uncertain.

As the future unfolds, it will be interesting to see how the implementation of the EV mandate plays out and whether car dealers will have to adapt to a changing landscape. It is possible that some car dealers will embrace the transition to electric vehicles and adjust their business models accordingly. They may invest in EV charging infrastructure or provide training for their sales staff to better educate customers about the benefits of electric cars. On the other hand, some dealerships may struggle to survive in a market that increasingly favors EVs. They might need to diversify their offerings or explore new revenue streams to stay afloat.

One potential concern for car dealers is the availability of charging stations. The infrastructure for EV charging is not as widespread as traditional fuel stations, and this could deter potential customers from purchasing electric vehicles.