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Rising Gas Prices Drive Up Used EV Prices Amid Broader Market Decline
As gasoline prices spike, the market for used electric vehicles sees a surge in prices and interest, even as overall used car prices experience their first decline this year. This trend highlights a shift in consumer preference despite rising electricity costs.
7 May, 14:18 — 8 May, 00:46
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left1
Left (1)
cnbc
Center
Right1
Right (1)
wolf-street
Far R
Geographic diversity— 1 region4/34
US2
ℹAll sources from US region
ℹOnly 2 sources cover this story
Sources
Showing 2 of 2 sources
cnbcMostly Factual94d ago
Used car prices fall for first time this year as gas prices spike, EV interest rises
Cox Automotive reports affordability remains a key concern for buyers, which is driving increased demand for older vehicles as well as all-electric vehicles.
Read full article →wolf-streetMixed93d ago
Prices of Used EVs Spike, from already Lofty Levels, as Gasoline Prices Spike. But Electricity Prices also Soared
High gasoline prices tilt operating costs in favor of EVs. But soaring electricity prices eat into that math.
By Wolf Richter
Read full article →Coverage Timeline
First report: cnbc · 7 May, 14:18|Full coverage: 2 · 10h|Window: 10h
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