"In March, Americans bought 42,924 secondhand electric cars, marking the best month for used EVs since Congress eliminated all EV tax credits at the end of the third quarter of 2025."
"Last month's used EV sales represented a new record, surpassing August's 40,960 units, which came at the height of the tax-credit-fueled EV-buying frenzy."
"Used EV sales were up 27.7% in March, while new EV sales fell by over 50% after the $7,500 incentive ended in September."
Used electric vehicle sales rebounded strongly in March, reaching nearly 43,000 units, a new record. This represented a 28% year-over-year increase, contrasting sharply with a decline in new EV sales, which fell by nearly 25%. The elimination of federal tax credits for EVs did not hinder the used market, which has shown resilience. The previous record for used EV sales was 40,960 units in August, during a tax-credit-fueled buying spree. Supply issues have contributed to the success of used EVs, highlighting a significant divergence between new and used EV markets.
Read at insideevs.com
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