The Battle Begins: 4000 Car Dealers Challenge Biden Electric Vehicle Mandate

A coalition of almost 4,000 auto dealers nationwide sent an open letter to President Biden, calling on him to "tap the brakes" on his administration's aggressive electric vehicle (EV) push.

The coalition — which includes dealers located in all 50 states and who collectively sell every major car brand are taking aim at the Biden administration's tailpipe emissions standards released earlier this year. These are the most aggressive federal regulations of their kind ever issued. Under the regulations proposed by the Environmental Protection Agency (EPA), the majority of new vehicle purchases will be electric within a decade.

These dealers wrote in their letter to Biden on Tuesday - QUOTE - "These vehicles are ideal for many people, and we believe their appeal will grow over time... The reality, however, is that electric vehicle demand today is not keeping up with the large influx of BEVs [battery electric vehicles] arriving at our dealerships prompted by the current regulations. BEVs are stacking up on our lots."

"Last year, there was a lot of hope and hype about EVs... Early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell. But that enthusiasm has stalled. Today, the supply of unsold BEVs is surging, as they are not selling nearly as fast as they are arriving at our dealerships -- even with deep price cuts, manufacturer incentives, and generous government incentives."

Even used electric vehicles prices, are down almost 34%, according to iSee Cars.

It’s important to note that a few states like Illinois, California, and others, have actually run out of incentive funds to purchase electric vehicles.

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