In June 2024, the prices of used electric vehicles (EVs) in America continue to decline as buyers increasingly prefer hybrid vehicles. This trend is contributing to a broader downturn in the electric vehicle market. Additionally, lithium prices have also fallen, with inventories piling up globally. The spot prices for lithium carbonate in China have dropped to their lowest levels since August 2021, reflecting the gloomy demand signals for electric vehicles.
Lithium’s Ongoing Slump Has Traders Searching for Recovery Signs China carbonate spot prices drop to lowest since August 2021 Global inventories building as EV demand signals stay gloomy https://t.co/VC2hUHO8tf
Lithium prices have fallen again this month, with inventories piling up as electric vehicle demand signals stay gloomy https://t.co/pCKmxWqIQ7
Used-EV prices are crashing as buyers shift back towards hybrid vehicles https://t.co/PrAd3tJugn
Used EV prices continue to slump 📉 https://t.co/PDv1oq9BnU
America's Used EV Price Crash Keeps Getting Deeper https://t.co/jxMQyp4SEq