Overview
- Global EV registrations fell 11% in February, with China down 32% and North America down 35% to under 90,000, while Europe rose 21%, according to Benchmark Mineral Intelligence.
- U.S. used EV sales reached 31,503 in January, up about 21% year over year, as the price premium over comparable gas cars narrowed to $1,376, Cox Automotive reported.
- A spike in gasoline prices pushed shopper interest in electrified vehicles to 22.4% of Edmunds research activity in the week starting March 2, up from 20.7% the week prior.
- Off‑lease returns, Tesla price cuts and Hertz fleet disposals are expanding affordable used EV inventory, with average used EV prices around $28,000–$29,000 in the U.S.
- Policy shifts are reshaping China’s market, where Volkswagen regained the top sales spot as subsidies fade; Tesla bucked the downturn with a 91% February sales jump reported by Dongchedi.