Used Electric Cars Surge: Sales Outpace New EVs in 2023’s First Half
Affordability and Increasing Availability Fuel the Boom
Despite facing production challenges and grappling with an evolving charging network, the used electric car market is experiencing an impressive surge. A recent market report from Recurrent, a startup specializing in battery health and data, reveals that used EV sales in the first half of 2023 have outpaced the majority of new EV sales.
During the first six months of 2023, a remarkable 140,000 used electric vehicles found new owners in the United States. Surprisingly, this figure surpasses even the total number of new Tesla Model 3s sold during the same period. For perspective, it’s worth noting that it is estimated that 200,520 new Model Ys were sold in the first half of 2023.