Used EV values rose at the start of February as OEMs navigate slowing demand and weakening profitability. The Exponential Used Electric Vehicle Index sat at 92.45 today, up 1.1% from Feb. 8, 2024, and 3.3% from Jan 8. The index, derived from Exponential Markets data, measures the wholesale prices of used EVs in operation and inventory awaiting sale in the United States and is updated weekly. Slowing EV demand amid a drawback in incentives in the U.S. […]
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