The group said used EV prices were probably cut due to aggressive price reductions by Tesla for new vehicles

US used electric vehicle sales jump as prices drop

Febin MathewApril 8, 23Business, Electric Car

US sales of used electric vehicles rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said average retail prices for used EVs were about $43,400, down 4 percent from the same quarter last year and well below the average new EV price of about $59,000. The group said used electric car prices were likely driven down by Tesla’s aggressive price cuts for new vehicles. “When the market leader lowers the prices of new electric cars, the prices…

Electric vehicles accounted for 5.8 percent of the US market for new vehicles in 2021, up from 3.2 percent in 2021, according to Cox Automotive

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US retail giant Walmart is adding electric car chargers to thousands of stores

Febin MathewApril 7, 23Electric Car, Wallmart

Walmart announced Thursday plans to add electric vehicle (EV) chargers to thousands of U.S. stores in a sign of mainstreaming zero-emission cars. The U.S. retail giant, which has electric car chargers in a fraction of its U.S. stores, plans to “build our own electric car fast-charging network at thousands of Walmart and Sam’s Club locations coast to coast,” a Walmart press release said. that about 90 percent of the US population lives within 10 miles of a Walmart. The announcement is the latest sign of movement in the U.S. transportation…