‘We Have Turned Away Inventory’: US EV Market Slumping as Cars Pile Up on Lots

Dealers say that electric vehicles are piling up on lots this year even as companies have started to ramp up production.
‘We Have Turned Away Inventory’: US EV Market Slumping as Cars Pile Up on Lots
Ford CEO Jim Farley poses with the all-electric Ford F-150 Lightning pickup truck during the unveiling at the company's world headquarters in Dearborn, Mich., on May 19, 2021. Rebecca Cook/Reuters
Jack Phillips
Updated:
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A handful of dealerships around the United States say that demand for electric vehicles appears to be slumping, while dealerships are struggling to sell them.

Speaking to Business Insider, the dealers said that electric vehicles are piling up on dealership lots this year even as companies have started to ramp up production. Several also told the outlet that they don’t want any more of the cars until they can sell what’s on their lots.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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