"The substantial drop in EV prices over the past year appears to have brought them in line with demand, with used EV days-on-market much lower today, reflecting a faster selling rate compared to a year ago." "Affordable pricing is driving sales of used EVs, making modern electric cars more accessible for consumers who care about their bank account and the environment."
"We’ve been watching this unfold over the past year: electric cars depreciating much faster than their gasoline and hybrid counterparts. This trend came on the heels of Tesla’s rapid-fire price cuts last year, and it sparked a price shift that’s both exciting and concerning." "Lower resale values on EVs mean you can snag a high-tech, modern used electric car for less than the average price of a used hybrid or gas vehicle."
#ev-market-dynamics #used-electric-vehicles #price-depreciation #automobile-sales #environmental-impact
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