More Americans are snapping up used electric cars

New electric cars are grabbing all the headlines, but Americans buy far more used cars than new cars. When will sales of used electric vehicles pick up?A new analysis from Kelley Blue Book parent company Cox Automotive shows that used EV sales grew by 32% in the first three months of 2023. It’s likely just the start of... New electric cars are grabbing all the headlines, but Americans buy far more used cars than new cars.

New EV sales likely to hit 1 million this year Cox Automotive expects Americans to buy more than 1 million new electric cars for the first time in 2023. But used EV sales begin their rise sometime after new EV sales. It takes time for used EVs to begin reaching the market and for Americans to understand concerns about battery aging.

Changing tax laws driving some used EV sales Some of the increase doubtless comes thanks to a recent change in tax law. Congress altered the federal EV tax rebate system last year. New rules that began Jan. 1 allow Americans to claim a tax credit on a used electric vehicle.

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Biden’s ambitious climate plan for EVs faces these big hurdlesMany pieces must fall into place for electric vehicles to be the majority of those sold in the U.S. by 2032, as the White House hopes. The majority of Americans don't want an EV. And can't afford to spend 40k more than a gas powered vehicle. This is America. We push the edge. We have to start somewhere, not hide behind our belief of how difficult the problem is. Electric cars suck, can't afford them, can't charge them, can't fix them and they suck in the cold. Absolute garbage.
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