Tesla still a force, but non-Tesla retail used EV market looks bright
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Wednesday, Jan. 24, 2024, 11:29 AM
Daryl Lubinsky, Correspondent
Ivan Drury says the retail used electric vehicle market has long been a topic of interest, and one reason for that has been the limited supply of “legitimate contenders,” he said.
“For so long, it was Tesla or compliance car, and that was it,” said Drury, who is director of insights for online car shopping guide Edmunds.
Drury described a compliance car by saying some automakers would remove the motor from one of their mainstream offerings, like the Fit for Honda, and place a battery in the car to get EV tax credits. But when asked about the state of the used electric vehicle market in retail, Drury and other industry representatives said more viable non-Tesla vehicles are ...