Used Electric Cars Surge: 140,000 Sold in 2023, Outshining New EVs
The Electric Revolution: Affordable Used EVs Take Center Stage
Despite the hurdles of production challenges and an evolving charging network, the used electric car market is witnessing a remarkable boom in 2023. According to the latest market report from battery health and data startup Recurrent, the first half of 2023 saw an astounding surge in used electric vehicle (EV) sales, outstripping the majority of new EV sales.
In the U.S., a whopping 140,000 used EVs found new homes in the first half of 2023, surpassing even the total sales of new Tesla Model 3s during the same period. For context, it’s worth noting that approximately 200,520 new Model Ys hit the road in the first half of 2023.
When examining other new EV models sold in the first half of 2023, the Chevrolet Bolt claimed the runner-up spot with 33,659 units sold, followed by the Rivian R1T at 16,452 units and the Volkswagen ID.4 at 16,448 units. Unsurprisingly, Tesla continued to dominate both the new and used EV markets in the United States.