New data from Kelley Blue Book reveals that electric vehicle sales have reached a record high, showing an 11% year-over-year growth in the third quarter of...
reveals that electric vehicle sales have reached a record high, showing an 11% year-over-year growth in the third quarter of 2024. Yahoo Finance Autos ReporterWell, new electric vehicle sales hitting a record high for both volume and market in the third quarter of this year.We've got Yahoo Finance's very own pros superman and pros, what are we seeing behind some of these records here?
So for Q three Cox and Kelley Blue Book found that uh EV sales are up 11% year over year, uh up 5% sequentially. But we're seeing more options out there, people, cheaper options, other people that's, that's helping drive sales and and it also kind of there's a leasing loophole, right? So if you're the kind of person sitting on a, you bought a brand new EV 23 years ago and you want to trade it in, you're not so happy, you're looking at the values go down tremendously or 25% compared to a year ago.But, but on the flip side again, this helps the used market in terms of people who are, uh, lower and the people who want to get into evs now they can, they get good deals on, on relatively new evs.
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