In a short time, electric vehicles have gone from an emerging trend to an industry disrupter and are now a primary focus for automakers, dealers and consumers. While they remain a relatively small segment of vehicle sales, there is no doubt volume will climb as more investments are made in alternative powertrains, charging infrastructure and overall commitments to more sustainable options in automotive.
Other significant factors at play are consumer demand and adoption, shifting legislation on direct-to-consumer sales and tax breaks for EV sales.
With all these elements to consider, dealers may get swept up in the sheer volume of information and struggle to quantify the implications of the EV trends on their dealership. By focusing on the operations of your dealership and how you can evolve processes to suit EV sales, you can set a clear plan of action.