There have been hiccups in the transition to EVs — Ford, for instance, has scaled back some of its battery manufacturing plans — but overall sales continue to grow. Stories of EV inventory piling up at dealerships are “likely a very temporary phenomenon,” Levin said.
“A year ago, there was a shortage of vehicles which is now gone because supply chain issues have been resolved,” Levin said. Auto manufacturers ramped up production and the extra inventory “will soon be absorbed into the market,” he said.
