Historically high gas prices sparked consumer interest in electric vehicles but even though the price at the pump is slowly receding the cost for both new and used EVs continues to rise.
In some cases enterprising consumers are snapping up used EVs then reselling them at a profit, Roberts said.
, the average price for a gallon of regular gasoline nationally on July 11 is $4.67, a 12-cent decline from last week and 32 cents lower than in June, but still $1.53 higher than a year ago.Accordingly, CarGurus research showed consumer interest in new and used EVs beginning to dip just as gas prices started to retreat.released Monday, the National Automobile Dealers Association reported battery electric vehicles accounted for 4.8% of sales, hybrid vehicles, 5.
“For the industry it's a difficult situation. They're coming out with a lot of electrics in the market place but we're having such production issues that it's going to be difficult to meet that demand,” explained Roberts. “With used, we 're completely dependent on how many used vehicles are in the market and we just didn't sell many electric vehicles compared to what's out there. So it's a pretty limited pool.
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