Used EV Sales Surge, Buyers Seek Cheaper Cars

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that used EV sales surged in July, jumping 40% year over year. Tesla led the market, followed by Chevy, Ford, Mercedes, and Nissan. McIntyre notes that the high cost of new EVs—averaging $55,000—continues to drive buyers toward more affordable used models, which can cost $20,000 to $25,000 less.