Used EV Sales Hit Record High as New EV Market Cools

Used EV sales hit record high as new EV market cools

In April, the electric vehicle (EV) market showed clear signs of divergence: new EV sales declined, while used EVs posted record growth, underscoring a shift toward affordability amid rising prices and ongoing economic uncertainty. According to Cox Automotive, used EV sales rose 14.4% month over month to 38,763 units, representing a 60.6% year-over-year increase, and accounted for 2.3% of the used vehicle market, the highest share to date. Sign …

GM Captures Significant Share of U.S. EV Sales, Reaching Over 14%

New EV sales dipped both from the previous month and year, though their market share slightly grew in April compared to March.The post GM Captures Significant Share of U.S. EV Sales, Reaching Over 14% appeared first on Electric Cars Report.