EV buyers took advantage of the final federal tax credit days, while average prices edged up for new EVs and continued to decline for used models.
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Pricing trends showed a decrease in new EV transaction prices, aided by incentives, making them more affordable, while used EV prices increased slightly.
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Here are the latest fleet trends to keep an eye on in an ever-evolving industry.
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Total 2023 EV sales will likely surpass the milestone one million mark next month as the electric vehicle market transforms due to more product and supply and downward pricing pressure.
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Quarterly sales of electric vehicles break the 250,000 mark while rising to 7.2% of total vehicle sales in the U.S.
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Buyers in the used, new, and remarketed vehicle segments should expect continued growth in used electric vehicle sales as availability increases and retail prices decrease.
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A maze of unknowns when it comes to the transition away from ICE vehicles calls for soul-searching, careful planning.
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Electric vehicles and hybrids are becoming a coveted commodity as consumers turn practical about operating costs.
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The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
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The partnership leverages the wide and deep scalability of the two automotive giants so they can target new EV models to large vehicle segments, including compact crossover utility vehicles.
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