Auto dealers go ‘all in’ on EVs

By Trey Thoelcke Published Jun 14, 10:50AM EDT

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Auto dealers go ‘all in’ on EVs — © Scharfsinn86 / iStock via Getty Images

By David Callaway, Callaway Climate Insights

(Bill Sternberg is a veteran Washington journalist and former editorial page editor of USA Today.)

WASHINGTON, D.C. (Callaway Climate Insights) — With automakers preparing to roll out dozens of new models of electric vehicles, attention is turning to how all those EVs will be sold and serviced.

Startups such as Lucid (LCID) and Rivian (RIVN) are following the Tesla (TSLA) direct-to-consumer model, which is putting them at odds with the influential National Automobile Dealers Association, or NADA, and publicly traded dealership companies such as Asbury Automotive Group (ABG), AutoNation (AN), Group 1 Automotive (GPI), Lithia Motors (LAD), Penske Automotive Group (PAG) and Sonic Automotive (SAH).

In a recent interview with Callaway Climate Insights at NADA headquarters just outside the Washington Beltway, President and CEO Mike Stanton and Vice President of Communications Jared Allen discussed the growing EV market in the United States and why they believe franchised dealerships will play a pivotal role in EV adoption. . . .

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.