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Carvana, a leader in online used car sales, has released its EV Trends Report, shedding light on the preferences of car buyers driving the surge in used electric vehicle (EV) adoption. The report reveals that affordability, convenience, and growing vehicle options are fueling this shift.
Key Highlights
- Carvana’s used EV sales outpace the industry, with 5.7% of its 2024 sales coming from EVs, compared to 1.3% for the broader used car market.
- Cost savings and convenience remain the biggest motivators, with buyers citing reduced fuel expenses and improved charging infrastructure as key factors.
- Home charging is the dominant preference—80% of EV owners primarily charge at home, and 86% drive fewer than 50 miles per day, minimizing reliance on public chargers.
- Despite short daily driving needs, more than half of EV owners take their vehicles on long road trips, signaling confidence in range and charging availability.
- EV ownership fosters brand loyalty—88% of EV buyers say they are more likely to purchase another EV in the future after their first experience.
Carvana’s founder and CEO, Ernie Garcia, emphasized the long-term potential of EVs, stating, “Like all new technologies, EVs will go through various phases of adoption, but based on the growth Carvana has seen as selection and access improve, we believe EVs are here to stay.”
The full EV Trends Report offers further insights into the used EV market. For more information and to browse available models, visit Carvana’s guide to buying a used EV at www.carvana.com.
About Carvana
Carvana was founded in 2013 with a mission to redefine how people buy and sell cars. The company enables customers to purchase vehicles entirely online, with financing, trade-ins, and home delivery or local pickup options available—often as soon as the same day. With a nationwide infrastructure and a tech-driven approach, Carvana continues to innovate in the automotive retail space.
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