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Maybe The Used EV Market Is Just Becoming More Normal

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Is the used EV market 'crashing,' or just into business as usual? Plus: Polestar expands, and so do Chinese cars in Mexico.

If you want to buy a used electric vehicle, there's never been a better time than right now, in the summer of 2024. As a consequence of last year's aggressive price wars, cooling overall car demand, high interest rates and persistent concerns about charging, EV prices are way, way down from from their historic highs.

As more Polestar models arrive to rescue those sales, the brand announced today that it's expanding into several new markets: Polestar is accelerating its geographic expansion and plans to enter seven new markets during 2025. France is the largest volume market for electric cars in the EU after Germany and represents a significant opportunity for the company.

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