Used EV demand surges amid global crises

Dealerships are experiencing a significant increase in demand for used electric vehicles, driven by escalating gas prices and ongoing global shipping disruptions. The prolonged conflict in Iran and the shipping crisis at the Strait of Hormuz have created an environment of fuel price uncertainty, making EVs a more attractive option for consumers seeking cost savings. This surge in interest for pre-owned electric cars indicates a growing consumer shift towards sustainable transportation solutions, influenced by both economic factors and geopolitical instability. The trend suggests a strengthening market for affordable electric mobility.