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Nonprime new EV financing up 53% YoY 

Near prime accounted for 6% of new EV registrations in Q3 

James Van Bramer

The share of nonprime consumers financing EVs rose sharply over the past year and has doubled since 2020.   In the second quarter, new EV registrations in the nonprime segment, which includes near prime and subprime, jumped 53% year over year to 6,656, according to TransUnion’s Q3 2024 Credit Industry Insights Report, released Nov. 12.  The […]

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