The U.S. War With Iran Is Boosting Used EV Sales

As the U.S. war with Iran lifts gas prices, there’s one market that’s been surging: secondhand electric vehicles. The federal government’s axing of clean-vehicle credits made EVs more expensive, which tanked sales of new vehicles. But Cox Automotive estimates used electric vehicles sales likely hitting an all-time high of about 127,000 units in the third quarter, with Tesla being the biggest beneficiary. “The longer gasoline stays over $4 a gallon, you get a lot more consumers willing to consider and/or pull the trigger on a used EV,” Jeremy Robb, Cox’s chief economist, told Forbes.