Rising fuel prices are driving a shift in the US used-car market, with electric vehicles (EVs) gaining stronger demand as buyers seek cost-effective alternatives to traditional gasoline-powered cars. The surge in EV popularity reflects growing consumer concerns over long-term fuel expenses and environmental impact. Dealers report higher trade-in values for EVs, while demand for older, less efficient used vehicles has softened. Analysts suggest the trend could accelerate the transition toward electric transportation in the secondary market.
Higher fuel costs reshape US used-car market as EVs outperform Anadolu Ajansı