The cost of new and used cars and trucks is rising, and so is the cost of owning and operating a vehicle. And with one purported benefit to electric vehicles being lower running costs, it only makes sense that at least a portion of people shopping for a new-to-them vehicle would be considering something battery powered.
No surprise there. CarMax says, “Search volume for terms containing ‘electric’ on CarMax.com have doubled since this time last year.” Around 40% of those traded-in vehicles are SUVs, further reinforcing the idea that buyers are interesting in cutting ownership costs, with Toyota being the brand traded in most often for an EV.
