Recent trends are revealing several bright spots in the EV market, despite major headwinds facing the segment.
The details: After slower new EV sales in the fourth quarter following the elimination of the $7,500 federal tax credit, the segment is showing signs of regaining traction, according to Recurrent.
To name a few stats we’re watching…
Several highly anticipated EVs are set to hit the market this year, including the BMW iX3 and more affordable models like the Rivian R2 ($45,000 base) and Volvo EX30 compact crossover ($40,345 starting MSRP).
Used EV sales continue to grow after surging 35% from 2024 to 2025, rising 9.7% from November to December, and up 10.2% at the close of the year.
More recently, the Tesla Model X was the fastest-selling used vehicle overall in March, selling in just 25.6 days, more than twice as fast as the average days on market, according to a newly released iSeeCars Used Car Market Study.
Why it matters: The data suggests EV demand may be proving more resilient than broader headwinds imply, creating opportunity for dealers as new product launches, improving used demand, and evolving consumer perceptions help support the segment.
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Between the lines: The Recurrent study also points to improving EV consideration factors, highlighting several retail-level selling points dealers can leverage.
One: Unbeknownst to many shoppers, the average EV retains 97% of its range after three years and 95% after five years.
Two: Average real-world range has climbed to 325 miles among 2026 models, while the fastest-charging EVs can now add 100 miles in under 10 minutes.
And three: Buyers’ EV purchase experience is improving as more dealerships enhance EV education and in-store guidance.
Bottom line: While the EV market still faces pressure, it could offer new opportunities for dealers, especially in used EVs, particularly for stores that can educate shoppers and capitalize on improving EV fundamentals.
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