A three-year-old Tesla Model S, for example, is selling much faster than a Toyota Corolla Hybrid, taking an average of 21.5 days to find buyers, versus 29 days for the Toyota. In fact, eight of the top 20 fastest-selling three-year-old vehicles are now EVs. That list is no longer just dominated by Teslas. Buyers are also snapping up electric models from Hyundai, Kia, Ford and Audi.
The effective end of federal fuel-economy standards, combined with the demise of the $7,500 federal tax credit, lowered sales of new EVs in October, following record third-quarter sales that surged as demand pulled forward. As affordability pressures continue to affect the broader car industry, used EVs are emerging as the new bright spot, becoming the fastest-selling used vehicles of any powertrain in the third quarter. Welcome to Critical Materials, your daily round-up of news shaping the world of electric cars and technology.
Swedish used car broker Kvdbil analyzed data from 1,300 used EVs and plug-in hybrids to determine how the cars' batteries have aged. Not only did it provide some interesting insight into how used battery-powered cars fare years later, but it also helped crown one particular EV king of battery health: the Kia EV6. And right behind it is the electric Kia Niro, too.
The Nissan Ariya might be one of the best deals on the used car market right now. The Japanese electric crossover has always been somewhat lukewarm compared to the competition. However, when a barely used Ariya is roughly half the price of a new one, it makes a lot more sense. The Nissan Ariya has always flown under the radar. It's Nissan's first properly modern electric car after the aging Leaf, but it never quite managed to capture the public's attention. It has a great interior