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Demand for used EVs surged in the U.S. as gas prices continue to rise amid the U.S.-Israel and Iran war, with sales seeing double-digit increases on the used market.
A Surge In Demand
Used EV sales jumped nearly 28% in March this year, CNBC reported, citing data from Cox Automotive on Sunday. One of the reasons outlined is the end of leases for EVs, which has led to an influx on dealership lots, according to analyst Joseph Yoon from market research firm Edmunds, cited in the report.
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