JUST IN: The used electric vehicle market in the United States is moving in the opposite direction to that of new models.


While new EV sales weakened after the elimination of the federal tax credit, the used segment is gaining momentum due to a combination of higher gasoline prices, more units available from expired leases, and a price gap that is almost disappearing compared to combustion engine cars.
Used electric vehicle sales grew 12% year over year in the first quarter and 17% compared to the previous quarter.
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