"Sales of new electric vehicles in the United States were down by 28% compared to the same time last year. In contrast, sales of used electric vehicles were actually up by 12% compared to the first quarter of 2025."
"Analyst Terje Dahlgren called the situation 'an electric car bonanza in the used market' in comments made to Reuters, indicating a significant shift in consumer preferences."
"With growing used EV supply, the market may smell opportunity. Improvements to battery technology mean that used EVs hitting the resale market have a longer range than their counterparts from just a few years ago."
Electric vehicle sales in the U.S. have decreased by 28% for new models, while used EV sales increased by 12%. The rise in used EV sales is attributed to higher gas prices, influenced by the war in Iran. Analysts note that the growing supply of used EVs and advancements in battery technology contribute to this trend. In contrast, EV sales in China and Europe remain strong, highlighting a disparity in the global electric vehicle market.
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