News Formal

Maybe The Used EV Market Is Just Becoming More Normal

  • 📰 InsideEVs
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 579. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

There Are Over 220 Tesla Cybertrucks For Sale In The Used Car MarketPrices of used Cybertrucks are falling and quickly, but they still fetch more than their original MSRP
Source: Carscoop - 🏆 306. / 63 Read more »

To Buy Or Not To Buy A Used EV Market: Point/CounterpointA used EV will help us to restore and protect biodiversity and will contribute heartily to saving our planet and our lives as we know them.
Source: cleantechnica - 🏆 565. / 51 Read more »