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Used EVs break records while sales of new EVs plummet

⁨73⁩ ⁨likes⁩

Submitted ⁨⁨9⁩ ⁨hours⁩ ago⁩ by ⁨throws_lemy@reddthat.com⁩ to ⁨technology@lemmy.zip⁩

https://newatlas.com/automotive/used-ev-sales-2026-cox/

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Comments

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  • melsaskca@lemmy.ca ⁨7⁩ ⁨hours⁩ ago

    Sales are plummeting because everything got out of hand and is priced too high for a whole class of consumers.

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    • Landless2029@lemmy.world ⁨6⁩ ⁨hours⁩ ago

      They also got rid of the tax credit

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    • leoj@piefed.social ⁨7⁩ ⁨hours⁩ ago

      this exactly, there isn’t an EV I could afford without a massive loan, in the United States, really interested in seeing how the Slate turns out tho, I have high hopes and low expectations.

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      • bluGill@fedia.io ⁨6⁩ ⁨hours⁩ ago

        I bought a used EV, and the loan is massive and more than I can afford (but I didn't have a choice - my area is car dependent and I go many places too far for my bike)

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      • WalleyeWarrior@midwest.social ⁨6⁩ ⁨hours⁩ ago

        That’s all cars right now. Even 24 year old shit boxes are going for $3000 grand these days. The car market is completely fucked regardless of the engine/motor type.

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    • Atelopus-zeteki@fedia.io ⁨6⁩ ⁨hours⁩ ago

      Umm, someone appears to be pumping and dumping the whole economy. Nobody wants to spend money in our class when the class two or three orders of magnitude above are thrashing the whole damned econ about like a ragdoll. Even people one order of mag up aren't too keen on investing when there is so much uncertainty, supply chain and otherwise.

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  • DarkDinner@quokk.au ⁨8⁩ ⁨hours⁩ ago

    Only in America. Where I live there is a 3-4 month waiting list for a new EV and no used ones available.

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    • zout@fedia.io ⁨8⁩ ⁨hours⁩ ago

      Also only in the first quarter, with Trump's anti environment policy and without the war in Iran.

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  • brucethemoose@lemmy.world ⁨7⁩ ⁨hours⁩ ago

    I have a very well off sibling, big corporate job, SO has a big job too. They’re financially smart, thorough researchers when shopping, and have no kids.

    Can they afford a new EV?

    Hell no.

    So they got a used one, at an amazing price.

    I dunno who all these bloated, $80k+ EVs are supposed to be for. Rich old folks? I know some too, and they don’t want EVs anyway.

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  • TowardsTheFuture@lemmy.zip ⁨7⁩ ⁨hours⁩ ago

    In the us, where we removed subsidies, where companies mostly refuse to make affordable cars, where tariffs fucked them even harder, where we’ve banned Chinese cars.

    So new EVs are 50k+ and ain’t no one got money for that with prices of food and gas and everything else being so damn high.

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  • bdonvr@thelemmy.club ⁨6⁩ ⁨hours⁩ ago

    I got my first EV recently. A '22 Bolt EUV with 28k miles for about $18k in like-new condition.

    I still probably wouldn’t have gone for it but they gave me a kinda crazy trade price for a kinda crappy ICE car with accident damage.

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    • ButteryMonkey@piefed.social ⁨4⁩ ⁨hours⁩ ago

      Same thing except a ‘23 EUV model with 100k miles for 11k. I don’t care about the miles, I’m not likely to put all that many on in the next decade, so averages out. My little coupe was dying a death of a thousand small but expensive problems, I need space to move project supplies (let me tell you, I’m amazing at tinycar Tetris, but I’ve started doing farming-adjacent things so genuinely need more room) and they gave me 4k for trade. Done and done.

      Everyone is just fascinated by whats under the hood (liquids, mostly). And how quiet it is. But man I will not be using climate control on longer trips if I can avoid it. It just chews through the battery. Thats potentially a problem here in the midwest, but not a problem for today me to deal with! And today me is already looking into making a portable solar charger (with used equipment because fuck buying new when used is so damn cheap) with a roof mount panel, big beefy battery pack, and good wiring for level 2 charging. Going to be expensive up front? Don’t care! I want to be able to meet my needs without ever using fast chargers (ill give myself the first year while I get used to the very different planning), and being portable means I can use it at home just as easily, and only pack it up when I’m going on a long drive, so only one expensive setup needed! Mmmmmm eventually-free transportation.

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      • bdonvr@thelemmy.club ⁨1⁩ ⁨hour⁩ ago

        A '23 with 100k? Damn that thing got used!

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  • Tim_Bisley@piefed.social ⁨5⁩ ⁨hours⁩ ago

    I feel like if Japan had entered the US market in recent years instead of on the 60s they would have been banned to protect US automaker lobbyists.

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  • happybadger@hexbear.net ⁨8⁩ ⁨hours⁩ ago

    I’m really curious to see what happens with the Slate truck. The price keeps ballooning to the point that I don’t think consumers will be able to afford it over an econobox, but an electrified 1990s Ford Ranger is exactly what would give me the most utility from a vehicle. It goes further and hauls more than my cargo bike without any extra shit that will break, while having more safety features than a kei truck that can’t drive well on the roads I would need it to.

    Outside of a BYD at half the price, it’s the only vehicle I could see myself buying. Either I get a really nice car at a nice ebike price or a purely practical car at an econobox price. Otherwise it makes infinitely more sense to wait for solid-state batteries to proliferate outside of Chinese models so I don’t have to deal with any of the drawbacks to EVs.

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