Opinion: Even the most affordable electric vehicles have long waiting lists, and growing consumer demand is going to outstrip supply for the foreseeable future.
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For consumers ready and able to buy electric, supply can’t meet demand. And there is definitely growing demand, as anyone on the roadways counting Tesla Model 3s can attest. That so-called affordable Tesla model starts at $46,990, but a fully loaded model with the long-range battery costs $72,490, while the Model S luxury sedan costs more than $100,000, according to the. And that is without the optional $12,000 self-driving feature added to the bottom line.
More affordable EVs, according to my own online searches, have long waiting lists. Ford, for example, responded to my interest in purchasing a 2022 Mustang Mach-E withthat it is no longer accepting orders and deposits, because demand is so backlogged. I was invited to add my name to the waiting list for the 2023 model, yet to be released.
Experts now seem to agree: the move by manufacturers to EV production is going to happen faster than anticipated, and growing consumer demand is going to outstrip supply for the foreseeable future. Until the market matures and expands considerably, the focus will be on producing and marketing more profitable luxury models.
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