People purchased 102,243 electrical autos (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 automobile gross sales peak each December.
Maybe a extra telling statistic — January’s EV gross sales determine is almost 30% greater than the quantity that People purchased final January.
Associated: America Set an EV Gross sales Report in 2024
EVs made up a report 9.1% of all new vehicles bought 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% beneath a 12 months 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 automobile market however proceed to rise. People purchased 30.5% extra used EVs than they did a 12 months in the past and three.5% greater than a month prior.
Associated: Used Electrical Automobile Tax Credit Defined
The typical used EV bought for $37,476, 5.1% lower than in January 2024. Remarkably, 10 manufacturers listed the common used EV for a cheaper price than their common used gas-powered mannequin. They’re Chevrolet, Jaguar, Lexus, Mazda, Mini, Nissan, Porsche, Subaru, Toyota, and Volvo.
Practically 40% of all used EVs bought had been priced beneath $25,000.
Cox Automotive not too long ago launched the primary industrywide effort to trace battery well being right down to the person automobile. EVs listed on the market on our sister website Autotrader now embody the business’s solely EV Battery Well being rating correct to the particular automobile listed on the market.