What Rising EV Inventory Means for Buyers
While the electric vehicle market faced significant headwinds this year, the slowdown could ultimately work in favor of consumers. A report from iSeeCars highlights which EV models are piling up on dealer lots across the U.S., creating potential bargain opportunities as dealers look to clear excess inventory.
Looking specifically at the 2024 model year category, the Genesis GV60 tops the list of EVs with the highest share of leftover inventory, with 21.8% of units still unsold. In other words, roughly two out of every ten GV60s sitting on dealer lots are still 2024 models. The GV60 was among the early wave of premium EVs that helped expand the segment at the beginning of this decade, alongside its platform mates, the Hyundai Ioniq 5 and Kia EV6. However, despite its early entry advantage, the report suggests Genesis has faced challenges gaining consistent traction for the GV60 stateside.
A Shift in Market Dynamics
Next on the list is the Dodge Charger Daytona EV, a model the automaker placed considerable confidence in—enough to end production of the previous gas-powered Charger and Challenger generation. According to the report, the 2024 Charger EV now accounts for 20.9% of dealer inventory, followed by the Chevrolet Silverado EV at 11.9% and the GMCHummer EV (SUV) at 5.5%.
Moving to the 2025 model year, the BMW i4 – the Bavarian automaker’s best-selling EV in the U.S. – leads the list with a striking 89.2% inventory share. This suggests that dealers are still heavily weighted toward 2025 i4 stock, despite broader market pressure following the discontinuation of the $7,500 federal EV tax credit last September. The Porsche Macan EV ranks second at 67.8%, ahead of the Volkswagen ID.4 at 59.1%, the Cadillac Escalade IQ at 47.8%, and the Genesis Electrified GV70 at 37.2%.
Rounding out the top ten are the Genesis GV60 at 35.3%, Honda Prologue at 34.1%, Mercedes-Benz EQE at 30.9%, Cadillac Lyriq at 30.6%, and GMC Hummer EV at 30.2%.
Negotiation Season Is Open
Of course, actual transaction prices for these EVs will still vary depending on dealer location, incentives, and regional demand. That said, consumers may find more room to negotiate, as dealers are often motivated to move aging inventory to free up space, protect margins, and stay competitive in an ever-changing market.
Looking ahead to 2026, the landscape may shift again. Several automakers – including Volvo and Mercedes-Benz – have begun scaling back earlier commitments to go fully electric by the end of the decade, instead signaling a more flexible, multi-powertrain approach similar to Toyota.
But thanks to reports like this from iSeeCars, prospective EV buyers can gain valuable insight, helping them make more informed decisions and potentially secure favorable deals.
