The whole market is a slow motion avalanche…Even China is suffering but they will prop up the industry and lie to save face and gain market share…
Ports Are Filling With Unsold Cars, Mostly From China
We’ve all heard the stories recently about electric vehicles sales falling short of expectations. Companies like
Tesla have seen sales slow in recent years and automakers such as
Ford have even slowed production of their own electric models. Now, we’re seeing what’s happening to
the unsold cars that are out in the world already: they’re piling up at ports.
Across shipping hubs in Europe, unsold electric cars are filling storage spaces, with some automakers even looking to rent extra warehousing space to keep their shiny new cars shiny and new,
reports Automotive News. As the site explains:
Several automakers have leased large areas in the ports for vehicle imports that so far have no customers for the cars. Logistics companies are also renting additional parking spaces outside the ports.
“This situation currently affects all European ports where large quantities of vehicles arrive,” Gert Ickx, spokesman for the administration of the Belgian ports of Antwerp and Zeebrugge, told Automotive News Europe sister publication Automobilwoche.
The issue has been exacerbated by the rise in
exports of Chinese electric vehicles, which are sitting in shipping hubs unsold while people argue over whether or not they pose a national security threat.
The Chinese EVs being imported into places like Europe have also been hampered by reduction in
subsidies for electric car sales. Automotive News reports that a cut in EV subsidies in Germany has hit sales, leaving many cars stuck on docks with nobody to buy them.
https://europe.autonews.com/automakers/chinese-ev-imports-massing-european-ports-sales-slow
electrek.co
