#shorts a reporter asked White House Press Secretary Karine Jean-Pierre, “Let me ask you about EVs. Ford just cut the price of the F-150. Cox Automotive is showing that dealerships now have a 92-day supply of EVs on their lots, which is about twice the average for a gas-powered car on their lot. Is this the marketplace speaking, saying that people don’t want this transition as quickly?

KJP: So, look, I’ve seen that same study. A couple of things that I also want to make sure that folks know about:

The EV sales hit a record high last quarter and increased nearly 50 percent from the same time last year. So that’s important to note. And EV prices are actually down 20 percent per year-over-year on average, with EVs that are eligible for the Inflation Reduction Act credits seeing high demand. So we’re seeing a lot of high demand here, which matters as we’re looking at the study.

And because of what this President has done — and the congressional Democrats, as we think about the Inflation Reduction Act — sales are going up. Car- — costs are coming down. That’s important to note.

It’s also good to see that after a couple of years where it was hard to find electric vehicles, they are now readily available for consumers. So, you know, that is also important as we move forward with Inflation Reduction Act — as we move forward in implementing a very historical piece of legislation that’s going to deal with climate change, that’s going to create record — record jobs — right? — good-paying union jobs. All of these things are coming out of the work that this President and Democrats have been able to get done.

On 7/17/2023, Top Biden Spokesman John Kirby and White House Press Secretary Karine Jean-Pierre held a press briefing.

other clips of this published longer video is here: https://youtu.be/Kh0bv0ooy20
Q: Despite Huge Incentives, EVs on dealer lots ballooned to 92 days, well above 51 days A: demand high