• Why 80% of Buyers Prefer a Used EV: The Shocking Trend

  • Feb 4 2025
  • Length: 3 mins
  • Podcast

Why 80% of Buyers Prefer a Used EV: The Shocking Trend

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  • Summary

  • Description

    • The Growing Interest in Used EVs
      • A year ago, less than 50% of potential EV buyers considered purchasing a used EV. Now, nearly 80% are open to it.
      • This shift reflects a growing demand for affordable and accessible electric vehicles.
    • Market Trends and Data
      • Recurrent's research shows a major rise in used EV interest from 2021 to 2022.
      • Used EVs are gaining ground and even surpassing non-Tesla new EV sales.
      • New EVs are dominated by Tesla, while used EVs are expanding across various brands.
    • Why Used EVs Are Becoming Mainstream
      • New EV shortages due to supply chain issues and chip shortages.
      • Price increases across different models—Mach-E prices reaching $70,000, Chevrolet Bolt increasing 15-20% in just six months.
      • More used EVs appearing in dealerships, leading to greater market acceptance.
    • Key Considerations Before Buying a Used EV
      • Always test the battery before purchasing.
      • Ensure the model fits your needs and lifestyle.
      • As used EVs become more mainstream, understanding their value and reliability is crucial.

    🔋 The shift is clear—used EVs are here to stay!

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