In the latter part of 2024 and early into 2025, a significant milestone was achieved in the electric vehicle (EV) market. According to Recurrent’s latest report, sales of new EVs in the United States reached an unprecedented 1.6 million units during this period. Concurrently, the second-hand EV market witnessed a remarkable surge, with sales increasing by 62.6% compared to the previous year. Analysts attribute this growth partly to concerns over potential changes to federal incentives for EV purchases under the Trump administration.
Rising Demand Amidst Policy Uncertainty
During the transition from autumn to winter, the American automotive landscape experienced a transformative shift. In the United States, the sale of electric vehicles skyrocketed, marking a pivotal moment in the industry's history. The figures speak volumes: nearly 1.6 million new EVs found homes across the country, encompassing both battery-powered and plug-in hybrid models. Meanwhile, the pre-owned EV sector saw its sales soar by over 60%, signaling growing consumer interest in these environmentally friendly vehicles.
Industry experts have identified several factors driving this trend. Among them is the looming possibility of reduced federal support for EV buyers. President Trump’s recent executive actions, which rescinded a non-binding goal set for 2030, aimed at promoting zero-emission vehicles, have sparked discussions about the future of green transportation policies. Despite these moves, the Inflation Reduction Act remains intact, safeguarding current incentives for EV purchasers. This legislation, enacted in 2022, ensures that financial benefits for EV buyers are not easily overturned without congressional approval.
The outlook for the EV market appears promising. Recurrent’s projections indicate that approximately 123,000 leased EVs will re-enter the used car market in 2025, with this number expected to more than double by 2026. As affordability increases and awareness grows, the appeal of EVs continues to broaden, attracting a wider audience of environmentally conscious consumers.
From a journalist’s perspective, this surge in EV sales highlights the resilience and adaptability of the automotive industry. It underscores the importance of sustainable practices in addressing climate change while also demonstrating the public’s willingness to embrace cleaner technologies. The ongoing debate over environmental regulations serves as a reminder of the delicate balance between policy and market forces in shaping the future of transportation.
The automotive world has witnessed a significant leap forward with Volvo's introduction of the ES90, an electric vehicle that integrates the elegance of a sedan, the versatility of a fastback, and the spaciousness of an SUV. This new model is built on Volvo's advanced SPA2 architecture, which not only promises unmatched performance but also sets new standards in charging efficiency and range.
A key highlight of the ES90 is its ability to achieve rapid charging speeds thanks to its 800V system. Capable of supporting up to 350kW chargers, this feature ensures that drivers can recharge from 10% to 80% in approximately 20 minutes. Additionally, the ES90 boasts impressive acceleration capabilities, reaching 60 mph in just 3.9 seconds for its all-wheel-drive variant. The vehicle's aerodynamic design, achieving a drag coefficient of 0.25, contributes significantly to its extended driving range of 700 kilometers (430 miles) under WLTP conditions.
The arrival of the ES90 signifies Volvo's commitment to pushing the boundaries of electric vehicle technology. Beyond its superior performance and efficiency, the car offers a luxurious interior experience, featuring a powerful Bower & Wilkins sound system with Dolby Atmos support. Equipped with cutting-edge safety features and a user-friendly digital interface, the ES90 is poised to redefine the future of sustainable transportation. Moreover, it symbolizes a step towards a greener planet, encouraging innovation and responsibility in the automotive industry. The launch of this vehicle across multiple European countries underscores Volvo's dedication to providing environmentally friendly options that meet the needs of modern families and adventurers alike.