Electric VehiclesTechnical Deep Dive

New EV Sales Fall 28% After Tax Credit Ends, Used EV Market Surges

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EElectricBuzz Editorial Team
New EV Sales Fall 28% After Tax Credit Ends, Used EV Market Surges
1 min read37 wordsElectricBuzz Editorial Team

The Gist

“New electric vehicle sales dropped 28% after tax credits ended in September, while the used EV market sees strong growth.”

New electric vehicle sales declined by 28% following the expiration of tax credits in September. Meanwhile, sales of used electric vehicles are rising significantly, indicating sustained consumer interest in electrification despite the drop in new EV purchases.

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