From Cargurus:
Searches for new EVs skyrocketed up 382.4% from Q122 to Q123, according to CarGurus, the number one visited digital auto platform. For used EVs in that timeframe, searches were up 74.3%.
When looking at what consumers were shopping for, the top five most-viewed new EVs on the CarGurus site include the Volkswagen ID.4, Hyundai Ioniq 5, Chevrolet Bolt EUV, Ford Mustang Mache-E, and the Kia EV6.
The reason? One-part eco-mindedness, one-part savings at the gas pump in light of inflation.
According to Kevin Roberts, Director of Industry Analytics at CarGurus, “The combination between decreasing prices and a growing number of options available on the market is significantly bolstering consumer interest in EVs, as seen by traffic on the CarGurus platform. Although recent updates to the federal EV tax credit have limited vehicle eligibility, the wider assortment of vehicle types and price points now available to consumers is likely to lead to further increased interest."
