Wasn't it just the other day that there was a long waiting list for Mustang Mach-Es?
Now my colleagues report seeing them stocked — even overstocked — at their local Ford dealership.
A number of unsettling data points have raised some doubts about the electric vehicle revolution. Market share appears stuck at around 7 percent. Publicly held dealerships say Tesla's price cuts are putting pressure on incumbent brands' EVs. Incentives are double those of gasoline-powered vehicles. At the end of last month, U.S. dealers had a 103 days' supply of electric vehicles, which is a worrisome number — at least in normal times with mature products.
Of course, it's really a different situation for EVs, with a new technology, an incomplete range of vehicles available and volatile production. But the data does reflect some of the challenges of growing from a niche to the mainstream.
Most Americans who have bought an EV in the past de…