Used Electric Vehicle Sales Surge in Q1, Driving Market Growth.
TL;DR Summary
Used electric vehicle (EV) sales in the US increased by 32% in Q1 2022, with analysts forecasting new EV sales to reach one million for the first time this year. The average price of a used EV was around $43,400, down 4% from last year, and well below the average cost of a new model. As new EV sales continue to climb, more used models are becoming available, and used EV sales are expected to increase rapidly. Tesla's recent price cuts have influenced much of the market, with several automakers following suit.
- Used electric vehicle sales set to rapidly intensify after Q1 jump – Report Electrek.co
- Used U.S. electric vehicle sales jump as prices fall -group Reuters
- The Used EV Market Is Starting to Get Interesting Jalopnik
- Soaring EV sales leave chargers playing catch-up POLITICO
- Rapid Growth: Sales of Used Electric Vehicles Increase by 32% in Q1, According to Cox Automotive Estimates Cox Automotive
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