Used EV Sales Hit Record 3.3% Share as Lease Returns Flood Market
Used electric vehicle sales reached a record 3.3% of total used-vehicle sales last month, up from 2.9% in August, according to Cox Automotive data cited by Electrek.
Electrek attributes the pace of used-EV sales to a flood of electric cars returning from lease this year combined with rising gas prices.
Low-mileage used EVs, including the Hyundai IONIQ 5 and Ford Mustang Mach-E, are selling on the secondhand market for $25,000 or less, according to Electrek.
Edmunds, which has tested nearly all of them, compiled a list of four top used electric SUVs available for under $25,000, according to Electrek.
Source: electrek.co (opens in a new tab)1 sourcePermalink