It’s a good time to start shopping for a new electric vehicle as many sat idle on dealer lots. At the end of July, it took dealers an average of 81 days — nearly three months — to sell the EVs that arrived in their showrooms.
That’s up 75% from the same month a year ago, and a much longer stay on dealer lots compared to the industry average of 57 days before being sold.
In addition to the slow turn rate for EVs, there are also a lot more of these cars piling up than gas-powered cars. Dealers at the end of July had enough battery-powered vehicles to last dealers about 100 days, compared to a 68-day supply of all other powertrains, according to day-supply data from Cox Automotive.
