Used EV Sales Surge as Prices Drop, Charging Infrastructure Struggles to Keep Up
TL;DR Summary
The used EV market in the US is growing, with sales rising 32% in Q1 2023 as prices fell, according to data provider Cox Automotive. The average retail listing price for used EVs was around $43,400, down 4% from the same quarter last year and significantly below the average new EV price of about $59,000. The market is noticing, possibly due to the used EV tax credit, and used EVs are becoming more affordable, with some Tesla Model 3s and GM Bolts available for around $30,000.
- The Used EV Market Is Starting to Get Interesting Jalopnik
- Used U.S. electric vehicle sales jump as prices fall -group Reuters
- Used electric vehicle sales set to rapidly intensify after Q1 jump – Report Electrek.co
- Rapid Growth: Sales of Used Electric Vehicles Increase by 32% in Q1, According to Cox Automotive Estimates Cox Automotive
- Soaring EV sales leave chargers playing catch-up POLITICO
- View Full Coverage on Google News
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