The most traded-in brand for EVs was Toyota, with 12 percent, followed by BMW and Ford with 8 percent each.
Regarding general interest in used EVs, CarMax says that the average search volume for the term “electric” doubled from the previous year, going from a low of about 1.5 percent in January 2021 to a peak of 5.6 percent in October 2022, signaling a growing interest in used EVs countrywide.
With this being said, some states are more interested in EVs than others, with California topping the sales charts, followed by Washington, Nevada, Oregon, and Arizona. At the other end of the spectrum are Mississippi, Alabama, Kentucky, South Carolina, and Tennessee, where CarMax recorded the lowest sales levels for used EVs between September 2022 and February 2023.
As always, we’d like to know what you think about this, so head over to the comments section below to give us your thoughts.
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