Used EV Market Hits Record High What’s Next for the Industry

[{"selector":"#anim-db91f7a2-61bb-4237-92a0-eda9b03b039c","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a44d1f23-52e1-4cdc-b1d1-8318475baca5","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 4817.09388%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Written by: Tabish Sultan Credits: FLUX-schnell EV Spotlight

More People Are Buying Used EVs

[{"selector":"#anim-a204964a-720d-4911-8555-5461b9741f7e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8980d516-a17a-472c-9968-a9e09c6f745c","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7a0df1d-55ad-4a61-add4-1ab3baee6f5a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-887cdd98-c689-42ab-83ae-66196d749ca7","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ba154d9-5255-4292-a90f-9ef4be6c71ab","keyframes":{"transform":["translate3d(-337.06895%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a9d89dd-74ff-4ecb-9a0c-22afc7228fbf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2cd2d99e-b8b9-4abe-b503-a6e79010b537","keyframes":{"transform":["translate3d(-116.05352%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Used electric cars are selling more than ever. They are cheaper than new ones, and many people want to save money on fuel and maintenance. More choices make it easier to find the right EV. Credits: FLUX-schnell

Not Just Tesla Anymore

[{"selector":"#anim-7dd906cb-bab0-4862-aac1-34f25d796e4a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51fdea85-c4cb-4677-90b1-0bab05357d42","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-108cce69-5c55-4e02-8a60-1c68c1ec4b72","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b99f7fe-d0a4-4a32-8789-399712213bf9","keyframes":{"transform":["translate3d(87.55981%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3cd07cc-9e63-4425-8d14-6b876aa9f6d2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-52e7e739-1063-4fda-8239-2aff9e51d05a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f106a8d0-f5b4-4fda-aa5e-e75b02daa1c0","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Before, Tesla was the most popular electric car. Now, more brands like Hyundai, Ford, and Nissan are selling good EVs. Buyers now have more options in different price ranges. Credits: hyundaiindia, Instagram

EV Batteries Last a Long Time

[{"selector":"#anim-741a9062-89be-4ddc-8ffa-9620ee86b87f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0563809e-83a2-4673-a193-45ce044f89fb","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0392d9d-b422-466d-9ec8-5636263053ca [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a702438f-6181-453f-8eb0-c07450242a4b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42aaed5c-2422-4057-814e-e6ebfc9da25d","keyframes":{"transform":["translate3d(-116.05352%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8414694e-4be8-4f4c-be8d-60913534bc92","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6de8b666-5c85-4920-a5c2-bd6e4e05d5f3","keyframes":{"transform":["translate3d(-334.188%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Some people worry that old EV batteries will stop working fast. But studies show that most EV batteries last much longer than expected. Less than 1% of cars made after 2016 needed a new battery. Credits: FLUX-schnell

Many Used EVs Come from Leases

[{"selector":"#anim-c5631de5-01e2-40f6-ab04-cbd77dfe6003","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fc429d6-1517-45fb-9100-d0cd74bfd2bc","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5bc03f28-4b8c-41eb-af3b-34072abe8a96 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e7e1862e-52fa-4814-9e85-e5d8b5603d39","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa63e176-1784-4a5d-a2ae-b295021f1479","keyframes":{"transform":["translate3d(115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-148512b9-48ba-430a-a662-b527abb5e6ff","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4bd959e2-ea32-4a23-86aa-bd916c1f581a","keyframes":{"transform":["translate3d(84.14634%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] When people return their leased EVs, those cars go on sale as used cars. By 2027, over 650,000 leased EVs will be available, making it easier to buy a good second-hand electric car. Credits: FLUX-schnell

Used EVs Are More Affordable

[{"selector":"#anim-547e5f4c-f397-4793-a8a5-5d7a06f435b5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8af871c7-689c-4cb2-b1b4-6568cf94b28c","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8de3ff1-b685-49b0-a9f3-7ce0083a360f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a946b92d-bc85-49db-b4a9-458787ad09e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d65fbe47-70f8-4a6d-8563-cb4ce07d925e","keyframes":{"transform":["translate3d(-115.71907%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dba7af49-6176-4c42-972d-83626927e96e","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74a287a5-ae65-4c32-8051-eda6989919d1","keyframes":{"transform":["translate3d(-334.188%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More than half of used EVs cost less than $30,000. They are much cheaper than new ones, and owners also save money on fuel and repairs. This makes used EVs a great choice for buyers. Credits: FLUX-schnell

More States Are Buying EVs

[{"selector":"#anim-01bc445a-5639-43ae-89c8-91ebb558a975","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-daba34a8-dec5-4b82-9585-5b6594f2085b","keyframes":{"transform":["translate3d(115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe209267-b784-48cb-b613-5ae26d84c4cb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1ae8e545-6be9-4f69-b98c-67980bfc3035","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d11c88e5-ccf1-4dc8-b73e-24c5dfaa1275","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6223e719-adfd-4d32-9da0-31170b337992","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4319f559-cfc1-4ecd-ac79-7ec70d4cfef1","keyframes":{"transform":["translate3d(84.14634%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] California is still the leader in EV sales, but states like Texas and Florida are growing fast. As more charging stations appear, more people in different states are choosing electric cars. Credits: FLUX-schnell

People Need More Information

[{"selector":"#anim-4aa43eeb-7854-46f0-87ec-e02ba619d0ed","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e639a33-8338-449f-a034-4187f8a35cfd","keyframes":{"transform":["translate3d(-115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56fe0e08-d6e7-4d05-b747-7b4289f37f22 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-22c7bf3f-bc78-4770-86c0-66bc7fda5e2a","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1590ae73-fa60-446f-ad7c-67273467441b","keyframes":{"transform":["translate3d(-334.188%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36e4d082-b49e-41be-91ab-5704db008b03","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-477df9af-7058-4305-9935-1e48f9cd7485","keyframes":{"transform":["translate3d(-115.71907%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Many buyers don’t know how to check a used EV’s battery health, driving range, or discounts. Teaching people about EVs will help them feel more confident when buying a used one. Credits: FLUX-schnell

The Future of EVs Looks Bright

[{"selector":"#anim-8969abe0-429d-4885-b2b1-31e5e3c33ade [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-60922fc8-257b-4399-a36d-223f8789ed56","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fae54024-65d7-48a8-ad8c-98ccd29c6959","keyframes":{"transform":["translate3d(115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a32ff4b5-1425-4c0f-a282-c4e756944116","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ed271ba-f69a-4afe-9806-152510f050bd","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1c11a3b-3c98-485b-95aa-4e6e4a9dc6f2","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7321fb2e-5418-430b-909d-51afc5c4a06e","keyframes":{"transform":["translate3d(84.14634%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As more EVs enter the used car market and battery technology improves, demand will grow. With better prices and government support, even more people will switch to electric cars soon. Credits: FLUX-schnell

Huge EV Duty Slash Incoming? Govt Considers 110% to 15% Cut!

[{"selector":"#anim-de956a03-7ee3-40a4-9d0c-b1524a519504","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a7b8781-569e-4ca3-a48e-62b0b5e7b822","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 4609.40168%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Thanks for Reading Credits: narendramodi, Instagram Read Next!