*By Britt Terrell* For electric vehicles to truly take off with consumers, car dealerships will have to get on board, and manufacturers will have to find ways to competitively price their cars for American drivers. A new [study](https://electrek.co/2018/05/21/electric-car-adoption-deceptive-car-dealerships-new-study/) about European car-buying in the journal Nature Energy found that car dealers may be hurting the sales and adoption of electric vehicles because salespeople are "dismissive and deceptive." Brian Deagon, a senior reporter at Investor's Business Daily, said the same is likely true in the United States. "We're on a slow growth track," Deagon said Wednesday in an interview with Cheddar. "Even though we've heard so much about hybrid vehicles and electric cars, they still represent something like 1 percent of the total cars on the road in the U.S." Electric cars generally cost more than gas cars. Business Insider [estimates](http://www.businessinsider.com/electric-cars-roadblocks-tax-credit-2018-4?r=UK&IR=T) that the average price ー before subsidies and incentives ー for electric vehicles is around $42,000 compared to $34,000 for the average new car. Federal and state governments are also beginning to back away from subsidies once granted to companies like Tesla to reduce the price of electric vehicles. "Here in the state of California, for example, millions and millions have been applied to those subsidies and many consumers have been enticed by these subsidies, saving $7,000 or more," said Deagon. "That's a lot of money." Car manufacturers will have to find news ways to make electric cars less expensive in the future. "There is going to be a tremendous amount of familiarization that needs to take place, and it will," said Deagon. "But again, over time, I think people will go into a car lot and go 'Do I get an electric car or a gas car?' and it's going to come down to which one represents the better value for the consumer." Automakers including Tesla, Ford, GM and BMW are investing billions in electric vehicles, Deagon said. "They'll certainly have the finances to persuade the car dealers at some point to open their doors and promote their cars." For full interview, [click here](https://cheddar.com/videos/electric-vehicles-dealership-dilemma).

Share:
More In Business
Doctors Join Forces to Urge Investors to Hold Meta Responsible for Misinformation
Ahead of the Meta shareholder meeting, more than five hundred doctors have jointly sent a letter to investors to hold the Facebook parent accountable for the risks its platforms have posed to the public and mental health. Dr. Rob Davidson, a West Michigan ER physician and executive director of the Committee to Protect Health Care, joined Cheddar News to discuss how medical professionals are coming together to highlight the social media giant's spread of misinformation, especially during the pandemic. "We've seen the direct impacts of misinformation and disinformation that spreads like wildfire on the social media platforms," he said. "Our goal with this letter is to try to get the shareholders of Meta to convince leadership that they need to do a better job."
Expert Offers Tips to Deal With Debt
Regine Muradian, clinical psychologist and National Debt Relief Financial Wellness board member, joins Cheddar News to discuss how debt impacts our mental health.
Snap Warning Sends Other Stocks Spiraling
Snap downgraded its earnings and revenue expectations for the second quarter, saying the "macroeconomic environment" has deteriorated faster than the company anticipated. The warning sent shockwaves through the digital ad industry, dragging down a handful of other tech stocks, including Pinterest, Meta, and Twitter. Daniel Cobb, CEO and Chief Strategy Officer of Daniel Brian Advertising, joined Cheddar to discuss the reason behind this warning, and why it's bringing so many social media stocks down.
Why it Pays for Businesses to Prioritize Sustainability
Pamela Rucker, CIO Advisor and Instructor for Harvard Professional Development, joins Cheddar to discuss how perceptions of Environmental, Social, and Governance–or ESG–changed over the past couple of years, and how using machine learning and artificial intelligence could pave the way to a more sustainable future.
Load More