The used electric vehicle (EV) market is rapidly growing, with Carvana reporting that 5.7% of its sales in 2024 were EVs, compared to the overall industry average of 1.3% for used cars. The company's February 2025 EV Trends Report indicates that cost savings on fuel is the primary motivator for EV purchases, followed by style and performance. Despite most EV owners charging at home and driving under 50 miles daily, many still take long trips, reflecting rising confidence in EV technology. However, a Kelley Blue Book survey reveals that uncertainties about EV batteries deter over half of potential buyers.
The expanding market for used electric vehicles shows significant consumer interest, albeit with barriers like knowledge gaps about EV technology and evolving models.
Carvana is leading the way in used electric vehicle sales, showing a marked increase in consumer preference despite hesitations relating to battery knowledge and technology.
Collection
[
|
...
]