WHY BUYING A NEW ELECTRIC CAR WILL CHANGE AND HOW TO MAKE THE BEST OF IT

EV Channels Review

This live stream addresses the current challenges in purchasing new electric vehicles, primarily due to the global chip shortage impacting production. The presenter explains how the just-in-time manufacturing model, combined with initial order reductions during the pandemic and a surge in consumer electronics demand, has led to significant supply constraints across all automakers, including Tesla. While Tesla is noted for its agility in adapting production, it's also facing delays. The video highlights a significant shift in the car buying process, moving towards a 'build-to-order' model, especially in North America, where customers will increasingly spec and order vehicles online for future production rather than buying from dealer lots. This change aims to reduce waste and prevent dealerships from price gouging. The presenter also touches on the rising prices of used EVs due to the scarcity of new ones and discusses the pros and cons of leasing versus buying in the current market.