WHY YOU SHOULDN'T BUY AN ELECTRIC CAR RIGHT NOW

EV Channels Review

This video strongly advises against purchasing an electric vehicle (EV) in 2021, citing a confluence of issues that make it a "pointless, stressful, and frankly problematic endeavor." The primary reasons highlighted are the ongoing global chip shortage, which severely impacts production and leads to demand far outstripping supply, and the resulting price gouging by dealerships. The presenter notes that even popular EVs like Tesla models have long waiting lists, pushing consumers towards buying "off-spec" vehicles online without test drives. Additionally, the widespread Chevrolet Bolt EV and EUV recall has created a surge of owners looking to sell their affected vehicles, further complicating the market and driving up prices for both new and used EVs. The advice for those who must buy an EV is to secure a refundable deposit with a dealership willing to honor MSRP, and to get this in writing. For those not in urgent need, waiting for the market to stabilize is the recommended course of action.