Weissland said that within its segment, "the e-tron is very successful" and that as electrification expands across more automakers and brands, acceptance of EVs will grow, too.
"It's great to get more electric vehicles into the market, because you know, customers need to embrace electrification," Weissland said.
"We want to protect the planet. We want to provide a sustainable future for our children, our grandchildren. The more brands joining the electrification road map, the better it is."
He said dealers and customers "need to embrace the change towards an electric future, but we'll get there."
Still, for dealers, profitability remains a concern as they are asked to stock EVs on their lots before consumers are willing to make a change.
"These vehicles coming out, there was expectation by the OEMs that they would be just snapped off the dealership," Penske told Automotive News in October.
On the earnings call, Penske said that in addition to cost, limitations of EVs in general remain a concern for consumers.
"There is no question today they're expensive, and everyone has range anxiety, and to me, what's going to be the residual value at the end?" Penske said. "So there's lots of questions. But when you think about it, it's the premium luxury vehicle, [and] most people have ... another car in the garage. So the growth is going to be slow."
Penske said that watching Tesla struggle to earn a return from its sales of EVs weighs on dealers, even as automakers begin to flood their lots with EVs.
"From a margin standpoint, I know one of our stores in Northern California probably will sell six or seven [e-trons in October] and has got 30 in stock. So that certainly has pressure on margin," Penske said.
Melissa Burden contributed to this report.
