New EV sales declined year over year in February while used EV demand rose, as prices fell and inventory tightened across both segments.
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The all-electric compact crossover offers fleet and retail buyers updated technology and driver-assistance features.
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Season 2 Episode 1 of The Off-Peak premieres as the electric vehicle market no longer benefits from federal tax credits that expired at the end of Q3 2024. What does this mean for the future appeal of EVs?
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Cox Automotive data shows EV sales rose in December, while new- and used-EV prices held steady.
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The shift marks a recalibration rather than a retreat, as the market adjusts to post-incentive conditions.
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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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Hyundai slashes prices on the 2026 IONIQ 5 models up to $9,800 to stay competitive in the fast-growing electric vehicle market.
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Lease returns and trade-ins are boosting the supply of used EVs, making them more affordable than ever.
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Consumers are buying up electric vehicles ahead of the Inflation Reduction Act’s tax credit expiration amid strong demand and tight inventory.
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EV sales surged in July as buyers moved quickly ahead of the tax credit deadline, with new and used markets showing strong growth and prices adjusting to meet demand.
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