Used EVs just hit a sales record – a much bigger wave is coming
Used EV sales are picking up serious momentum in the US – and now there’s hard data to back it up.
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Used EV sales are picking up serious momentum in the US – and now there’s hard data to back it up.
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The price of gas is rising almost as fast as the price of new cars, pushing more shoppers toward the cheapest low-mile used options on dealer lots: off-lease EVs. But while the deals look good, first-time EV buyers still have concerns. Here’s what used EV buyers need to know about batteries, warranties, and real-world ownership.
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Used vehicles are not exactly flying off the lot right now, but EVs are bucking the trend with prices hitting the sweet spot of around $20,000 to $30,000.
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A few years ago, it was basically a Tesla, Nissan Leaf, or Chevy Bolt if you were looking for a used electric vehicle. Nowadays, you can buy used Toyota, Ford, Hyundai, Chevy, or Honda EVs for about the same, or even less than, gas-powered cars.
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Costco members looking for a break on car prices can tap into a new Volvo deal this fall. Members can tap into limited-time manufacturer incentives through the Costco Auto Program, a year-round auto-buying service that secures prearranged low pricing. The latest: a Certified by Volvo Limited-Time Special launched this week.
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July EV sales looked strong on the surface, but the looming impact of tariffs and the end of EV tax credits reveal a more complicated picture, according to Cars.com’s new Industry Insights report.
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California-based B2U Storage Solutions is building a new battery energy storage facility east of San Antonio, Texas – and it’s going to be powered by used EV batteries.
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Online vehicle marketplace Carvana has launched an exciting new feature that makes buying a used EV or PHEV easier than ever. US customers can now take advantage of up to $4,000 in savings at the point of sale through the federal government’s Clean Vehicle Tax Credit. Carvana has successfully streamlined this process, making affordable EVs priced as low as $12,000 much easier to obtain.
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Used vehicle online marketplace Carvana has posted a Q1 EV trends report outlining some encouraging metrics for electrification. According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed.
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