The electric vehicle market has been rocked by one gloomy piece of news after another recently. The effective end of federal fuel-economy standards, combined with the demise of the $7,500 federal tax credit, lowered sales of new EVs in October, following record third-quarter sales that surged as demand pulled forward. As affordability pressures continue to affect the broader car industry, used EVs are emerging as the new bright spot, becoming the fastest-selling used vehicles of any powertrain in the third quarter.
