Individuals purchased 102,243 electrical automobiles (EVs) in January, in accordance 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 automotive gross sales peak each December.
Maybe a extra telling statistic — January’s EV gross sales determine is sort of 30% increased than the quantity that Individuals purchased final January.
Associated: America Set an EV Gross sales Report in 2024
EVs made up a document 9.1% of all new automobiles offered final month.
The typical purchaser of a brand new EV paid $55,614, about 1% greater than a month in the past, as producers supplied fewer incentives. Nonetheless, the common value was 1.4% under a yr in the past.
Associated: How Do Electrical Automobile Tax Credit Work?
Used EV Gross sales a Small however Rising Market
Used EV gross sales stay a small portion of the used automotive market however proceed to rise. Individuals purchased 30.5% extra used EVs than they did a yr in the past and three.5% greater than a month prior.
Associated: Used Electrical Automobile Tax Credit Defined
The typical used EV offered for $37,476, 5.1% lower than in January 2024. Remarkably, 10 manufacturers listed the common used EV for a lower cost than their common used gas-powered mannequin. They’re Chevrolet, Jaguar, Lexus, Mazda, Mini, Nissan, Porsche, Subaru, Toyota, and Volvo.
Almost 40% of all used EVs offered have been priced below $25,000.
Cox Automotive lately launched the primary industrywide effort to trace battery well being right down to the person automotive. EVs listed on the market on our sister web site Autotrader now embody the business’s solely EV Battery Well being rating correct to the precise automotive listed on the market.
