EV Inventories Pile Up as Dealer Expectation Dims for Q3

Americans remain hesitant to buy electric vehicles as inventories pile up in car dealerships across the country.

A motorist riding past new electric vehicles parked in a parking lot under a viaduct in Wuhan, central China's Hubei province, on May 22, 2017 STR/AFP via Getty Images

Electric vehicle inventories continued to remain high in July, with several models having more than 100 days’ worth of supply.

Though new EV inventories fell slightly from 103 days’ supply in June to 100 days in July, it remains “well above industry average,” intelligence platform Cox Automotive said in an Aug. 10 post.