Monthly Archive: July 2023

Report: EV inventories are swelling, and prices may drop soon

Polestar staging at Volvo dealershipDespite strong sales, dealership EV inventories are growing, according to data from Cox Automotive (via Automotive News). EVs are approaching 7% of the U.S. new car market, and they're on track to surpass sales of one million units in the U.S. for the first time this year, Cox Automotive estimates. But the data also show that EVs aren't flying off...