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Velocity Beats Volatility In The Used EV Market with Jimmy Douglas
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In this ASOTU CON 2024 session, hosted by Elena Ciccotelli from the "EVs for Everyone" podcast, Jimmy Douglas, founder and CEO of Plug, joins the conversation. The discussion revolves around the evolving EV market and the opportunities and challenges it presents for dealers. Jimmy highlights the importance of focusing on used EVs, leveraging the 25E consumer tax credit, and the necessity of dealer expertise in EV technology and customer education.
Jimmy emphasizes the significance of inventory turnover, noting that successful dealers often sell used EVs within 30 days. He also discusses the diverse demand for different EV makes and models, and the geographical distribution of EV sales success. The conversation concludes with Jimmy's personal experience and the role of firsthand knowledge in selling EVs.
0:00 Intro
0:15 Elena introduces Jimmy Douglas and the session focus.
1:47 The opportunity for EVs and dealers in 2024.
3:10 The impact of the 25E consumer tax credit on EV sales.
4:06 Addressing volatility in the EV market.
5:05 Importance of inventory turnover in EV sales.
6:26 High-demand EV models and market specifics.
7:44 Surprising insights from dealer experiences.
8:56 The role of firsthand experience in selling EVs.
10:07 Jimmy’s upcoming trip to Italy and EV rental plans.
Thanks to Effectv for making this episode of ASOTU CON Sessions possible! Learn more about Effect here: https://www.effectv.com/
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