Individuals purchased 102,243 electrical automobiles (EVs) in January, in line with Kelley Blue Guide mum or dad firm Cox Automotive. That’s a 23% drop from December’s numbers, however a January drop is regular, as new automobile gross sales peak each December.
Maybe a extra telling statistic — January’s EV gross sales determine is sort of 30% larger than the quantity that Individuals purchased final January.
Associated: America Set an EV Gross sales File in 2024
EVs made up a file 9.1% of all new automobiles bought final month.
The typical purchaser of a brand new EV paid $55,614, about 1% greater than a month in the past, as producers provided fewer incentives. Nevertheless, the typical worth was 1.4% under a 12 months in the past.
Associated: How Do Electrical Automotive Tax Credit Work?
Used EV Gross sales a Small however Rising Market
Used EV gross sales stay a small portion of the used automobile market however proceed to rise. Individuals purchased 30.5% extra used EVs than they did a 12 months in the past and three.5% greater than a month prior.
Associated: Used Electrical Automotive Tax Credit Defined
The typical used EV bought for $37,476, 5.1% lower than in January 2024. Remarkably, 10 manufacturers listed the typical used EV for a cheaper price than their common used gas-powered mannequin. They’re Chevrolet, Jaguar, Lexus, Mazda, Mini, Nissan, Porsche, Subaru, Toyota, and Volvo.
Practically 40% of all used EVs bought have been priced below $25,000.
Cox Automotive lately launched the primary industrywide effort to trace battery well being right down to the person automobile. EVs listed on the market on our sister website Autotrader now embrace the trade’s solely EV Battery Well being rating correct to the precise automobile listed on the market.
