People purchased 102,243 electrical automobiles (EVs) in January, in line with Kelley Blue E-book father or mother 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 almost 30% larger than the quantity that People purchased final January.
Associated: America Set an EV Gross sales File in 2024
EVs made up a document 9.1% of all new vehicles bought final month.
The common purchaser of a brand new EV paid $55,614, about 1% greater than a month in the past, as producers provided fewer incentives. Nonetheless, the typical 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. People 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 common used EV bought for $37,476, 5.1% lower than in January 2024. Remarkably, 10 manufacturers listed the typical 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 bought had been priced beneath $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 embrace the business’s solely EV Battery Well being rating correct to the precise automotive listed on the market.
