Used EV sales spike alongside gas prices
Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav Sales of used electric vehicles are surging in the US as models bought during a post-pandemic boom flood back onto the market, offering prospective buyers relief from a sharp rise in petrol prices. First-quarter used EV sales rose 12 percent compared with the same period last year and 17 percent on the previous quarter, according to Cox Automotive estimates. Sales of new EVs in the first quarter are estimated to have slumped by 28 percent year on year following the Trump administration’s withdrawal in 2025 of a $7,500 consumer tax credit. Analysts attribute the surge to a glut of hundreds of…
