CNBC·4 min read·medium
Used EVs keep getting more expensive amid Iran war, high gas prices
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Michael Wayland
✦AI Summary
Used electric vehicle prices are rising due to increased demand driven by high gas prices and geopolitical instability in Iran. While non-EV used car prices remain relatively stable, the wholesale value of EVs has seen a double-digit percentage increase over the past month.
DETROIT — The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive.
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