Surge in Used New Energy Vehicle (NEV) Sales in China...
China News
September 18, 2023
China is experiencing a surge in the sale of used new energy vehicles (NEVs), particularly electric cars, despite price fluctuations. Many consumers are trading in their old gasoline-powered cars for electric ones, citing the high cost of gasoline as a driving factor. Used NEVs have become a significant contributor to trading volumes in the country's used car market, as buyers seek cost-effective and environmentally friendly alternatives.