EARLY GLOBAL DATA SUGGESTS USED-EV MARKET IS TAKING SHAPE
April 23rd, 2023
While all eyes are on headline investments into conversions of major auto plants for EV production, a key sign that this market is maturing is emerging – the growth of used-vehicle sales for the electric transmission segment. Data from US-based industry consultant Cox Automotive released on April 7 said that American used-EV retail sales via licensed dealerships increased 32% in Q1 2023 year-on-year to 42,753 units. It added that in Q1, the average used-EV retail listing price in the USA was USD43,400, down 4% from Q1 2022, and significantly cheaper than ...
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