Nearly 4,000 car dealers asking Biden to slow regulations forcing EVs on consumers.

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Nearly 4,000 U.S. car dealers are asking President Biden to tap the brakes on proposed emissions regulations designed to ensure that two-thirds of new passenger cars are all-electric by 2032.

Consumers just aren't interested, they say, and electric vehicles (EVs) are stacking up on their lots.
Why it matters: Neighborhood car dealers claim to be the best barometer of consumer sentiment — and a group calling themselves "EV Voice of the Consumer" is sounding the alarm about a widening mismatch between EV supply and customer demand.

Driving the news: A total of 3,882 franchised car dealers from 50 states sent a letter to Biden Tuesday urging the administration to slow down its EV mandates.

"Last year, there was a lot of hope and hype about EVs," they wrote, describing demand from early adopters.

"But that enthusiasm has stalled. Today, the supply of unsold BEVs (battery electric vehicles) 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."

"With each passing day, it becomes more apparent that this attempted electric vehicle mandate is unrealistic based on current and forecasted customer demand. Already, electric vehicles are stacking up on our lots which is our best indicator of customer demand in the marketplace."

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