LCID - Used EV Sales Surge Despite Dip in New Vehicle Sales

While new electric vehicle sales have been declining for several months amid high interest rates and purchase prices, green-energy proponents could draw some comfort from the fact that consumers are turning to the used-EV market in droves. Thanks to a confluence of factors, including falling prices in the secondhand electric-vehicle market along with tax breaks, used EVs are seeing a resurgence in sales.

Buying a used vehicle is the only way most American drivers will be able to own an EV. With the average new electric car costing at...

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