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Reading: Used EV searches surged 145% in February 2023 on Cars.com
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EV-a2z > News > Used EV searches surged 145% in February 2023 on Cars.com
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Used EV searches surged 145% in February 2023 on Cars.com

EV-a2zm
Last updated: 2023/04/01 at 6:16 PM
EV-a2zm Published April 1, 2023 3 Min Read
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Leading digital marketplace Cars.com disclosed that searchers for used electric vehicles on its website surged 145% year-on-year in February 2023 as part of its latest EV Buying Guide.

Contents
States that have seen the largest influx of new interest in EVsAdditional relevant findings

Notably, this new data indicates how customers in the United States are gradually welcoming EVs, not only for new units but also for secondhand.

On the other hand, US customers’ combined searches for new and used EVs rose by 84% YoY last month.

Despite these significant increases, the report noted that EV searchers currently contribute only below 3% of total searches on Cars.com.

States that have seen the largest influx of new interest in EVs

It is interesting to note that US customers showing new interest in EVs are not from urban coastal locations. The report revealed that the highest number of EV searchers are coming from Middle America.

Below are the top 10 states with the highest EV search-related growth:

  1. North Dakota: 188%
  2. Mississippi: 129%
  3. Utah: 125%
  4. Montana: 119%
  5. Hawaii: 131%
  6. Vermont: 121%
  7. Maine: 116%
  8. Rhode Island: 115%
  9. Alaska: 108%
  10. Washington, DC: 106% 

You can view the graphic presentation here.

Additional relevant findings

Cars.com’s latest consumer survey revealed that a new or used EV is at least somewhat likely to be purchased by 70% of respondents.

It is surprising to note that 51% of the respondents think EVs are inexpensive, per the survey.

Meanwhile, 70% of the respondents would consider leasing an EV if it is more cost effective than buying one.

On the other hand, 52% of the respondents prefer purchasing an EV from a new entrant brand like Tesla and Rivian over legacy automakers. This data suggests that EVs have an impact on shifting brand views in the US auto industry.

See Also: 

  • Hyundai IONIQ 5 awarded 2023 Best Electric Vehicle by Cars.com
  • Electric vehicles are anticipated to match gasoline car prices in 2023
  • The best-selling 2022 electric vehicle models in USA
  • 52% USA car buyers now considering EVs
  • Tesla dominates EV market in the USA

As for the charging infrastructures, 69% stated there are charging stations near their place of employment or residence. Of that total, 54% reported having access to EV charging.

“…the influx of new EV models on the market — and the number of models growing each year as automakers are doubling down on EVs — is making pricing more competitive for consumers. Paired with tax incentives and growing public-charging infrastructure, EVs are starting to become a more practical and appealing option for many who were previously hesitant to make the jump.”

Brian Normile, Cars.com’s editor and EV Buying Guide expert 

Electric vehicle adoption in the US is poised for a breakout year thanks to improved manufacturing capacity and new federal tax credits under the Inflation Reduction Act pic.twitter.com/RuRZE3Cp3z

— Cheddar Flow (@CheddarFlow) March 26, 2023

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TAGGED: Electric Vehicle, EV, USA
EV-a2zm April 1, 2023 April 1, 2023
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