Electric Car Supply Exceeds Demand, Says Leading UK Car Dealership

Model Y cars during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, on March 22, 2022. Patrick Pleul/Pool via Reuters

The supply of electric cars exceeds the demand by buyers, a leading UK automotive retailer has reported.

New trading figures, by Vertu Motors, the third-largest car dealership in the UK, showed an imbalance in the pipeline stock of electric vehicles.