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Home » Used EV financing volume jumps 45% YoY 

Used EV financing volume jumps 45% YoY 

More than 60% of used electric vehicles were financed via a loan in 2022 

Amanda HarrisbyAmanda Harris
February 7, 2023
in Risk Management
Reading Time: 3 mins read
0
Used EV financing volume jumps 45% YoY 

© Can Stock Photo / wellphoto

The volume of used electric vehicles financed jumped 45% year over year in 2022, with credit unions gaining market share in the used EV space as monthly payments tick up.    More than 91,000 used electric cars were financed last year, compared with about 63,000 in 2021, according to an Auto Finance News analysis of Experian’s […]

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