Electric vehicles (EV) are piling up on car lots across the country as the green revolution hits a speed bump, data show.
EV inventories have increased by 506% from a year ago, with EVs sitting on lots for longer, according to CarGurus’ October report, released this month. EVs sit on the market an average 82 days versus 64 days for gas-powered vehicles, it said. In response to slowing demand, automakers like Ford and GM are cutting production.
EVs are still too expensive for…
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