EV sales showed strong month-over-month gains and surging used EV demand, while tighter inventory and declining prices narrowed the gap with gas-powered vehicles.
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Rising gas prices may have boosted demand last month, as dealers pursued potential opportunities with more affordable used EVs.
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The $20 million in Series A funding from Lightspeed will enable Plug to boost supply, develop more technology, and widen wholesale and retail sales channels.
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The luxury electric vehicle maker now offers inspected and reconditioned EVs backed by additional factory warranty coverage.
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Moving electric vehicles through consignor and auction channels requires a better understanding of their unique attributes and potential.
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An alliance of fleet, rental car, insurance, and consumer associations are working together to expand access to the large amounts of data that vehicle systems and operations generate.
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The devices will capture electric vehicle battery health information and transmit that information to Manheim CRs and vehicle detail pages, where battery health information will be displayed on Manheim.com listings.
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Plug is an online used EV wholesale marketplace to facilitate the buying and selling of used EVs among dealers.
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The new technology evaluates each electric vehicle and provides VIN-specific information, which is vital in capturing accurate information about the health of the battery.
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The electrified digital-driven automotive sector will bring major shifts in how vehicles are bought, sold, and remarketed. Industry expert and author Steve Greenfield outlines the big changes ahead.
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