Americans bought 102,243 electric vehicles (EVs) in January, according to Kelley Blue Book parent company Cox Automotive. That’s a 23% drop from December’s numbers, but a January drop is normal, as new car sales peak every December.
Perhaps a more telling statistic — January’s EV sales figure is nearly 30% higher than the number that Americans bought last January.
Related: America Set an EV Sales Record in 2024
EVs made up a record 9.1% of all new cars sold last month.
The average buyer of a new EV paid $55,614, about 1% more than a month ago, as manufacturers offered fewer incentives. However, the average price was 1.4% below a year ago.
Related: How Do Electric Car Tax Credits Work?
Used EV Sales a Small but Growing Market
Used EV sales remain a small portion of the used car market but continue to rise. Americans bought 30.5% more used EVs than they did a year ago and 3.5% more than a month prior.
Related: Used Electric Car Tax Credits Explained
The average used EV sold for $37,476, 5.1% less than in January 2024. Remarkably, 10 brands listed the average used EV for a lower price than their average used gas-powered model. They are Chevrolet, Jaguar, Lexus, Mazda, Mini, Nissan, Porsche, Subaru, Toyota, and Volvo.
Nearly 40% of all used EVs sold were priced under $25,000.
Cox Automotive recently launched the first industrywide effort to track battery health down to the individual car. EVs listed for sale on our sister site Autotrader now include the industry’s only EV Battery Health score accurate to the specific car listed for sale.
