Electric vehicle sales growth has slowed significantly in recent months, according to new industry data, as consumer demand shifts toward more accessible alternatives. Analysts attribute the decline in new EV purchases to rising prices and limited availability of lower-cost models, leaving many buyers hesitant to make the switch. Meanwhile, the used EV market is thriving, with affordable pre-owned models gaining traction as a practical entry point for environmentally conscious consumers. This trend highlights a growing divide between the high upfront costs of new electric vehicles and the rising appeal of cost-effective secondhand options.
New EV Sales Stall, While Affordable Used Models Boom, Data Shows Forbes
