Report: Buyers Avoiding Electric Vehicles: Dealership Inventory Overstocked : Plus: Please Check Your EV and ICE Vehicle for Recalls Here | Ron Benvenisti

In the latest report by the leading auto-dealer data company Cox Automotive, unsold electric vehicles in the second quarter of 2023 tripled compared to 2022, signaling the diminishing demand for EVs.

In the second quarter 2023, the average inventory for electric vehicles (EVs) topped more than 92,000 units stuck in dealer lots, according to the 2023 Cox Automotive Mid-Year Review. This is up 342 percent compared to second quarter 2022. During this period, the new “EV days’ supply,” which refers to the average number of days a warehouse holds inventory before selling it, rose 166 percent, to 92 days from 38.5 days.

While the pace of EV sales is up, it is “not rising as fast as inventory builds,” said Jonathan Gregory, senior manager at Economic and Industry Insights.

Unsold Cars

Original equipment manufacturers have built inventory, and now they wait for buyers to come. “This is one of the hottest topics we’ve had this year.”

Brands like Jaguar, Infiniti, and Lincoln had the highest days of supply, at over 100 days. The lowest numbers were seen among Toyota, Honda, Kia, and Lexus, with each brand having less than 30 days of supply.

Tesla continued to dominate the luxury EV segment with a market share of 25.5 percent, followed by Mercedes at 12.5 percent, BMW at 12.2 percent, and Lexus at 11 percent. Among EVs priced above $50,000, Ford held the biggest share at 22.1 percent, followed by Chevrolet at 12.1 percent.

As opposed to the rest of the world, U.S. citizens remain on the sidelines when considering an EV purchase.

In another report by the prestigious consumer intelligence company JD Power, from April 2023, more Americans are unwilling to buy EVs. In March, 21 percent of new vehicle shoppers said they were “very unlikely” to consider an EV, up from 17.8 percent in January.

“Lack of public charging infrastructure and price have been the top two concerns for the past 10 months, along with related issues involving range anxiety, time required to charge, and power outage and grid concerns,” the report said.

While inventory is building up at dealer lots the Cox Automotive study found a wide gap between dealers and customers regarding the future expectations of EV use.

According to Cox Automotive’s 2023 Path to “EV Adoption: Consumer and Dealer Perspectives” study, even though 53 percent of consumers see EVs as a future and that such vehicles will replace gas engines over time, only 31 percent of dealers held such a view.

“Nearly half (45 percent) of dealers surveyed feel that EVs still need to prove themselves in the marketplace,” said a press release on June 27.

In addition, the study also found that while customer interest in EVs is rapidly rising, sales continue to remain far lower in comparison. The research found that 51 percent of consumers were considering a new or used EV even though electric vehicles are only expected to make up less than 8 percent of total new vehicle sales this year.

Cox Automotive is expecting the sale of new EVs to surpass one million units for the first time in 2023. According to the firm’s Dealer Sentiment Index, the biggest factor which held back EV dealers during the second quarter was the state of the economy. This was followed by interest rates, limited inventory, market conditions, and credit availability for consumers.

The “Green” EV Democrat Agenda

Electric vehicles are being promoted across the United States mainly by Democrats who are putting in place a series of policies that provide incentives to consumers who buy such vehicles and subsidies to companies that set up plants to manufacture them.

These programs, however, are coming under criticism from several quarters. In a July 5 video, for example, Shawn Fain, president of the United Auto Workers (UAW) union, expressed concerns about the Biden administration’s policy of handing out benefits for EV plants.

“The Big Three automakers—Ford, General Motors, and Stellantis (Chrysler, Fiat, Alfa Romeo, Dodge, Jeep, Maserati and Ram among others). The United Auto Workers Union (UAW) said Toyota is taking billions of dollars in government subsidies to go electric, but those benefits aren’t trickling down to UAW members,” he said. Toyota requested the EPA to take the electrification process gradually.

“Regardless of how quickly the needed shift to electrification occurs, vehicles with internal combustion engines (ICEs) will be on U.S. roads in large numbers for decades to come.”

Electric Charging Infrastructure

Stellantis explained the challenge of electric chargers in its comments.

The auto manufacturer cited an estimate by Alliance for Automotive Innovation which said that there could be up to 40 million electric vehicles on the road by 2030, requiring over 5.8 million public chargers.

Stellantis reduced the estimates by 35 percent to 26 million vehicles and 3.8 million chargers. At present, there are 200,000 public chargers across the United States.

Adding in the additional 500,000 chargers proposed under the bipartisan infrastructure law, there could be 700,000 chargers by 2030, which is less than a fifth of the 3.8 million chargers required for the 26 million vehicles estimated by Stellantis.

According to the union, when GM shut down its traditional vehicle plant in Ohio in 2019, workers were on track to make as much as $30 per hour. When the company opened a new EV plant in 2022, workers were being paid just $16.50 per hour, on track to make only $20 per hour after seven years.

Former president Donald Trump, and a 2024 presidential candidate, has slammed the federal government’s EV push. “Driven by [President Joe Biden’s] ridiculous regulations, electric cars will kill more than half of U.S. auto jobs and decimate the suppliers that they decimated already,” he said in a speech in Michigan on June 25.

“It’s going to decimate your jobs, and it’s going to decimate, more than anybody else, the state of Michigan,” Mr. Trump warned.

Earlier during a June 10 rally in Atlanta, Mr. Trump promised that he “certainly will be ending on day one” the EV policies of Democrats once reelected.

Experts have criticized the EPA proposed EV targets. During a Heritage Foundation panel last month, Mike McKenna, a deputy assistant to former president Donald J. Trump, said that the agency’s proposal is actually about “getting rid of cars” in large numbers.

“We’re obviously not going to have 42 times the lithium we need in anything remotely like the folks who are talking about this transition intend,” Mr. McKenna said. “The American people don’t want this.”

In January, a team of scholars from Providence College and the University of California–Davis published a report warning that America’s transition from internal combustion engine vehicles to EVs can cause a critical shortage of lithium, a key element required for making electric batteries.

“If today’s demand for EVs is projected to 2050, the lithium requirements of the United States’ EV market alone would require triple the amount of lithium currently produced for the entire global market. This boom in demand would be met by the expansion of mining,” the report said.

“Large-scale mining entails social and environmental harm, in many cases irreversibly damaging landscapes without the consent of affected communities. As societies undertake the urgent and transformative task of building new, zero-emissions energy systems, some level of mining is necessary.”


Given the recent incidents of spontaneous car fires reported here on TLS, I urge you to review the list below to see if your vehicle is on it, regardless if it is an EV or ICE powered vehicle.

NHTSA & Car Manufacturers Recall 2 Million “Do Not Drive & Park Outside” Vehicles – Is Yours On The List?

“Do Not Drive” and “Park Outside” notifications are recalls issued jointly by automakers and the National Highway Traffic Safety Administration (NHTSA):

  • Do Not Drive recall advises drivers not to operate the vehicles because a serious safety issue could lead to an accident or physical harm.
  • Park Outside recall is issued for vehicles with a high risk of causing a fire. Drivers are advised to park the vehicles outside of garages and parking structures and away from buildings. Both of these recalls are rarely issued.

If you’re not sure whether a vehicle you own has one of these recalls, you can check for any unfixed recalls for free on Carfax. The good news for consumers whose cars have any recall is that they can get the specified repair work done for free at a dealership affiliated with the brand of their vehicle. If you need help finding a nearby dealership, check the Carfax Directory.

All recalls need to be taken seriously, but these two types are more time-sensitive than most because they urge owners to either not operate their vehicle, or to park away from any structure to avoid a fire. There have been serious consequences from some of the problems that these vehicles are being recalled for. Among them:

  • The National Highway Traffic Safety Administration (NHTSA) says 23 people have been killed in the U.S. because of exploding Takata airbags; more than 400 people have been injured. These airbags have had an issue with their chemical composition and have, at times, had the metal that encases the airbag turn into shrapnel inside the car’s cabin.
  • NHTSA says more than 3,100 Hyundai and Kia models under recall have caught fire nationwide. The agency says one person has been killed and more than 100 have been injured.
  • General Motors says 19 Chevrolet Bolt EV electric cars have caught fire, but the automaker says there have been no reports of injuries or deaths as a result.

These are not the only issues that these urgent recalls have been issued for, but they are the most well-known.

“Despite efforts by state and federal governments – and the auto industry itself – too many consumers are driving in vehicles that have been deemed too dangerous to drive, or that shouldn’t be parked in or near a home for fear of a fire,” said Faisal Hasan, General Manager for Data at Carfax. “Officials and communities need to break through consumer recall notice fatigue and drive home the message: We can save lives today by getting these recalls fixed.”

Which Vehicles Are Affected?

There are about 200 vehicles from many automakers over many model years that have been affected. Below are the vehicles facing either a Do Not Drive recall or a Park Outside recall:

‘Do Not Drive’ Vehicles

2002-2003 Acura 3.2 TL
2003 Acura 3.2CL
2005-2007 Chrysler 300
2005-2010 Chrysler 300 Touring
2008-2009 Chrysler 300 LX
2008-2010 Chrysler 300 Limited
2010 Chrysler 300 S
2005-2010 Chrysler 300C, SRT-8
2008-2010 Dodge Challenger SRT-8
2009-2010 Dodge Challenger R/T, SE
2010 Dodge Challenger Mopar Edit R/T
2006-2007 Dodge Charger SE/SXT
2006-2010 Dodge Charger R/T, SRT-8
2008-2010 Dodge Charger, SXT
2010 Dodge Charger Rallye
2005-2007 Dodge Magnum SE
2005-2008 Dodge Magnum R/T, SXT
2006-2008 Dodge Magnum SRT-8
2008 Dodge Magnum
2023 Ford Bronco Base/Big Bend
2013 Ford Escape SE, SEL
2014 Ford F-150, Super Cab, SuperCrew
2021 Ford F-350 Super Duty
2021 Ford F-450 Super Duty
2021 Ford F-550 Super Duty
2021 Ford F-600 Super Duty
2006 Ford Ranger, Super Cab
2023 Ford Ranger XL/XLT/Lariat
2019 Freightliner Sprinter 3500/4500
2001-2002 Honda Accord
2001-2002 Honda Civic
2002 Honda CR-V
2002 Honda Odyssey
2003 Honda Pilot
2005 Hyundai Elantra GLS/GT
2015 Hyundai Sonata SE, Sport/Limited
2005 Hyundai Tiburon, GT
2008 Infiniti EX35/Journey
2009 Infiniti FX35
2009 Infiniti FX50
2021 Jeep Cherokee Limited
2022 Kia Carnival EX, LX, SX Prestige
2021-2022 Kia K5 GT
2011 Kia Optima EX/SX
2011-2015 Kia Optima LX
2011-2016 Kia Optima SX
2012-2016 Kia Optima EX
2016 Kia Optima SXL
2020-2021 Kia Rio LX/S
2021 Kia Rio S
2012 Kia Sorento Base/LX
2012-2021 Kia Sorento EX
2013-2015 Kia Sorento LX
2016 Kia Sorento SX/SX Limited
2016-2017 Kia Sorento LX/L
2021 Kia Sorento SX/SXP
2022 Kia Sorento SX, SX Prestige
2011-2016 Kia Sportage EX/SX
2012-2023 Kia Sportage SX
2014 Kia Sportage/LX
2014-2023 Kia Sportage EX
2014-2023 Kia Sportage LX
2023 Kia Sportage SX Prestige, X Line, X-Pro/X-Pro Prestige
2023 Kia Telluride EX/EX X-Line, LX, S, SX/SX X-Line/SX
2006 Mazda B2300
2006 Mazda B3000, Cab Plus
2006 Mazda B4000 Cab Plus
2022 Mercedes-Benz G63 AMG
2022 Mercedes-Benz S 500 4matic
2009 Nissan GT-R/Premium
2021 Ram 1500 Classic SLT
2020 Ram 1500 Classic SSV, Tradesman, Tradesman/EX, Classic Warlock/SLT
2021 Subaru Impreza, Limited, Premium, Sport
2016 Subaru Legacy 2.5i, Limited, Premium
2016 Subaru Legacy 3.6r Limited
2016 Subaru Outback 2.5i, LImited, Premium
2016 Subaru Outback 3.6r Limited
2023 Subaru Solterra Premium/Limited/
2023 Toyota Bz4x XLE/Limited
2020 Volkswagen Atlas Cross Sport SE
2021 Volkswagen Atlas S
2018 Volkswagen Beetle S/Coast, S/SE/Coast
2000-2001 Volkswagen Golf GLS, GLS TDI
2018 Volkswagen Golf S/SE
2018 Volkswagen Golf Sportwagen S, S/SE
2018 Volkswagen GTI S/SE/Autobahn
2018 Volkswagen Tiguan S, SE/SEL 4motion, SEL Premium

‘Park Outside’ Vehicles

2004-2007 BMW 525i
2006-2007 BMW 525xi
2008-2010 BMW 528i
2008-2010 BMW 528xi
2004-2007 BMW 530i
2006-2007 BMW 530xi
2006-2007 BMW 530xit
2008-2010 BMW 535i
2008-2010 BMW 535xi
2004-2005 BMW 545i
2006-2010 BMW 550i
2004-2005 BMW 645ci Automatic
2005 BMW 645ci
2006-2010 BMW 650i
2006-2010 BMW M5
2006-2010 BMW M6
2006-2007 Buick Rainier CXL
2022 Chevrolet Bolt EUV LT, Premier
2020-2021 Chevrolet Bolt EV
2020-2021 Chevrolet Bolt EV LT, Premier
2022 Chevrolet Bolt EV 1LT, 2LT
2006 Chevrolet Trailblazer EXT LS/LT
2006-2007 Chevrolet Trailblazer LS/LT, SS
2017 Chrysler Pacifica E-Hybrid Premium, Touring
2017 Chrysler Pacifica Limited Hybrid
2018-2019 Chrysler Pacifica Hybrid Tour Plus
2018-2020 Chrysler Pacifica Hybrid Limited, Touring L
2019-2020 Chrysler Pacifica Hybrid
2020 Chrysler Pacifica Hybrid Touring
2022 Cruise Cruise AV
2001-2002 Ford Escape XLS, XLT
2021 Ford Expedition King Ranch, LTD, Platinum, XL, XLT
2021 Ford Expedition Max King Ranch, Limited, Platinum, XL, XLT
2019-2021 Genesis G70 Sport
2017-2018 Genesis G80 Base/Premium/Ultimate
2018 Genesis G80 Sport
2019-2020 Genesis G80 Base/Sport/Ultimate
2006-2007 GMC Envoy, Denali
2006 GMC Envoy XL, Denali
2015-2016 Hyundai Genesis 3.8L
2015-2016 Hyundai Genesis 5.0L
2019-2020 Hyundai Kona Limited, SEL, Ultimate
2019-2021 Hyundai Nexo Blue, Limited
2020-2022 Hyundai Palisade Limited, SE, SEL
2021-2022 Hyundai Palisade Calligraphy
2022-2023 Hyundai Santa Cruz Limited, Night, SE, SEL, SEL Premium
2013-2018 Hyundai Santa Fe Sport
2016-2018 Hyundai Santa Fe SE Ultimate/Limited
2016-2023 Hyundai Santa Fe SE
2019-2020 Hyundai Santa Fe Limited/Ultimate
2021 Hyundai Santa Fe Limited/Hybrid
2021-2023 Hyundai Santa Fe Blue, Calligraphy, Limited
2021-2023 Hyundai Santa Fe SEL, SEL Premium
2019-2020 Hyundai Santa Fe SEL/SEL Plus
2022 Hyundai Santa Fe SEL/XRT
2023 Hyundai Santa Fe XRT
2019 Hyundai Santa Fe XL SE, SE Ultimate
2014 Hyundai Tucson GLS/Limited/SE
2014-2015 Hyundai Tucson GLS
2015 Hyundai Tucson SE/LTD
2016 Hyundai Tucson LTD/Spt And Eco/SE
2016-2021 Hyundai Tucson SE
2017 Hyundai Tucson LTD/Spt Eco/SE/Nig, Limited/Sport/Eco/SE
2018 Hyundai Tucson SEL/SEL Plus, Sport, Value/Limited
2019 Hyundai Tucson LTD/SEL/Sport/Ultimate/Value
2020-2021 Hyundai Tucson Limited/SEL/Sport/
2021 Hyundai Tucson LTD/SEL/Sport/Ultimate
2006-2009 Kia Sedona EX/LX
2007-2009 Kia Sorento EX/LX
2008-2009 Kia Sedona
2010 Kia Sedona EX, LX
2016-2018 Kia Sorento LX/L, SX/SX Limited
2016-2023 Kia Sorento EX
2019 Kia Sorento EX/EX Sport, LX/S, SX/SXL
2019-2020 Kia Sorento L/LX
2020 Kia Sorento EX/S, S/LX
2020-2022 Kia Sorento SX
2021-2022 Kia Sorento LX, S, SX/SXP
2022 Kia Sorento SX/X-Ln SX Prstge
2022-2023 Kia Sorento SX Prestige
2023 Kia Sorento SXP
2008-2009 Kia Sportage EX/LX
2008-2022 Kia Sportage LX
2017-2022 Kia Sportage EX, SX
2020-2022 Kia Sportage S
2018 Kia Stinger Premium
2018-2021 Kia Stinger, GT
2018-2019 Kia Stinger GT1
2019 Kia Stinger GT2
2020-2022 Kia Telluride EX, LX, S, SX
2021 Lincoln Navigator, Black Label, Reserve
2021 Lincoln Navigator L, Black Label, Reserve
2017 Porsche Panamera 2/4
2017-2020 Porsche Panamera Turbo, Executive
2017-2021 Porsche Panamera 4S, Executive
2018 Porsche Panamera/4
2018-2020 Porsche Panamera Turbo Sport Turismo
2018-2021 Porsche Panamera 4 Executive, Sport Turismo
2018-2021 Porsche Panamera 4S Sport Turismo
2019-2021 Porsche Panamera Base/4, GTS, GTS Sport Turismo
2021 Porsche Panamera Turbo S, Executive, Sport Turismo
2021-2023 Ram Laramie
2021-2023 Ram 2500 Big Horn
2022 Ram 2500 Big Horn/Lone Star
2021-2023 Ram 2500 Limited, Longhorn, Tradesman
2023 Ram 2500 Power Wagon
2021-2023 Ram 3500 Big Horn, Limited, Longhorn, Tradesman
2022 Ram 3500 Big Horn/Lone Star
2021-2023 Ram Chassis 3500
2021-2023 Ram Chassis 4500
2021-2023 Ram Chassis 5500
2004 Saab 9-3 Arc
2005-2006 Saab 9-7x Arc
2005-2006 Saab 9-7x Linear
2007 Saab 9-7x 4.2i
2007 Saab 9-7x 5.3i
2019-2022 Subaru Ascent, Limited, Premium, Touring

Efforts to Get Recalls Repaired Nationwide

Carfax has been working with the Alliance for Automotive Innovation to involve more states with the Vehicle Recall Search Service. The Vehicle Recall Search Service is used by Arizona, California, Connecticut, Maryland, New York State, Ohio, and Texas to alert residents to open safety recalls and get them fixed. Texas, for example, provides a free recall check using the Vehicle Recall Search Service for every vehicle that undergoes a state safety inspection and those results are provided to the vehicle’s owner. Launched in 2018 as a completely free system, the Vehicle Recall Search Service has checked more than 3 billion vehicles since its launch five years ago.


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  1. My father baught me a 1993 vehicle and im keeping my vehicle! Alot of people cant afford these vehicles and our governor is suppose to shape up this nj and not telling people to get electric cars

  2. I purchased my car as an off-lease used car. Therefore I am not the original owner and for some reason I never got the do not drive recall notification. I was unhappily surprised yet deeply grateful to see my car on the recall list. I was able to bring my car to a local dealer and had it repaired for free the same day.

    The article is very informative as well sourced news, but the list is really the most important part. Thank you for publishing this especially during the three weeks. Thank you TLS and Mr. Benvenisti. I don’t know how I would have found out about this otherwise.

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