Tesla dominated the automotive landscape after it introduced highly sought-after electric vehicles, including the Roadster sports car and the Model S sedan. Today, Tesla remains to be the national leader in automotive electric power.

Interest in renewable energy and commitment to innovation pushed other automakers to throw their bid into the electric vehicle race as well. Today nearly every major automaker has some variation of a fully electric powertrain or plans to unveil one soon.

Naturally, this innovation has created a competitive marketplace where automakers were debuting all new electric models quarter after quarter.

Some of the more notable model releases include the Ford F-150 Lightning, the reimagined Mustang Mach-E, and the wildly popular electric pickups from Rivian.

This exciting innovation was quickly accepted nationwide and was nudged forward by both federal and local governments as well. Drivers who purchased qualifying electric, plug-in hybrid, and fuel cell vehicles went on to enjoy tax benefits, including a clean vehicle tax credit of up to $7,500. When you tack on state and local tax credits and incentives, it’s no surprise why a surge in EVs quickly followed.

EVs Sit Idle on Dealer Lots Across the Nation

As the future goes green, it’s been fair to say that automakers didn’t quite plan for what was to come. Dealers that tout hard-to-miss “we buy cars” signs aren’t the only ones struggling to sell electric vehicles. New car dealers have struggled to offload inventory as well.

According to a new report from Cox Automotive, leading automakers, including General Motors, Ford, Toyota, and Hyundai, have over 90 days worth of unsold electric vehicles on their lots.

Analysts detail that across the nation, dealerships have over 92,000 EVs waiting to get sold. That’s nearly triple the number from the same time last year. Considering the auto market is just two to three years into the electric vehicles landscape, a slump like the one happening now is to be expected.

A report from Reuters goes on to add that as of June 30th, General Motors has over 50 days worth of Cadillac Lryriq, the newly introduced all-electric SUV on dealer lots. More shockingly is that 80% of the Lyriq and GMC Hummer EVs that GM has built are still in transit to dealerships across the nation.

It’s not just GM that’s feeling this unexpected slump in sales. The Ford Mustangs Mach-E was a highly anticipated reveal that was met with mixed reviews. Ford reimagines the Mustang in its electric variation by ditching the traditional muscle car aesthetic and replacing it with a compact SUV body style. While the automaker generated quite a bit of buzz when the Mach-E was first introduced, sales aren’t quite translating over to where the automaker would like them to be.

According to Cox, Ford has an estimated 113 days worth of inventory of the Mach-E. The highly anticipated Ford F-150 Lighting has also seen a lull with dealers having 86 days worth of the electrified pickup.

What’s Causing the Sales Slumps for New Car and We Buy Cars Dealers

It’s fair to say that when electric vehicles were introduced, they made a big explosion in interest, and sales helped fuel the momentum. But now that drivers have had some time to experience and own an electric vehicle, the shock value has worn off.

That’s not to say that electric vehicles are going anywhere anytime soon. The auto trajectory remains electric, with automakers including Ford and GM planning to have an all-electric inventory in the coming decade. In fact, shopping national “we buy cars” chains like Carvana and Carmax has been a popular option for drivers looking to get into affordable electric vehicles.