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More car buyers are hunting for used EVs – CarMax says searches filtered by “electric vehicle” have nearly doubled since January 2022.

CarMax saw EV searches surge in March 2022 and again in June 2024. The first spike lined up with the gas price shock after Russia invaded Ukraine, and the second came right as the Biden administration rolled out its $4,000 federal tax credit for used EVs.

The online used car marketplace’s Spring 2025 Electric Vehicle Consumer Report shows just how far used EV prices have tumbled, down over 40% between January 2022 and February 2025. By comparison, prices for gas cars, hybrids, and plug-in hybrids only slipped about 12% over the same period.

For the third year running, the Tesla Model 3 and the Model Y were in the No. 1 and No. 2 slots, respectively, from September 1, 2024, to February 28, 2025. The Chevy Bolt jumped into third place from its previous spot at No. 7 in 2024 and 2023. The Ford F-150 Lightning (7) and the Rivian R1T (10) made the top 10 for the first time, while the Tesla Model S and the Audi e-tron dropped out. The Hyundai Ioniq 5 and Nissan Leaf were at Nos. 5 and 6, and the Volkswagen ID.4 (4), Nissan LEAF (6), and the Ford Mustang Mach-E (9) made the list for the third year in a row.

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What people are trading in

For the first time ever, more people are ditching sedans and coupes for EVs than SUVs. CarMax says sedans and coupes made up 44% of all EV trade-ins, up from 36% in 2024 and just 29% the year before. It’s a clear sign that the EV switch is picking up speed across more than just SUV drivers.

When customers traded in sedans for EVs during this report’s measurement period, the most common EVs they purchased were the Tesla Model 3, Tesla Model Y, and Chevy Bolt EUV. 

The top traded-in model for an EV at CarMax was the Tesla Model 3, and those who traded in a Model 3 usually went for a Model Y. The rest of the top five include the Honda Civic and Accord, the Nissan LEAF, and the Toyota Prius. The Ford F-150 truck, the top trade-in alongside the Accord in the 2024 report, dropped off the list.

Since this is CarMax’s report, it’s of course based on data sourced from its 250 stores across the US. In 2025, Oregon beat California to become the state with the highest percentage of EV sales compared to each state’s total sales at CarMax. California has previously held the top ranking since 2023. 

The West Coast continued to dominate when it came to used EV sales. California and Washington were in second and third place, respectively. Nevada and Arizona were fourth and sixth, while Utah and New Mexico (new to the top 10 list this year) held spots five and seven. On the East Coast, New York (10) appeared on the list for a second time, dropping two spots from No. 8 in 2024. 

The newcomers include Minnesota, which jumped 24 spots in a year to No. 8, and New Jersey, which moved up six slots to No. 9.


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Yes, Mach-E is a real Mustang – and outsold ICE Mustangs by 2:1 last month

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Yes, Mach-E is a real Mustang – and outsold ICE Mustangs by 2:1 last month

The Ford Mustang Mach-E is a fun, dependable, sporty crossover that still looks great, even years after its initial launch. And despite the very vocal whining of the internal combustion purists, this very real Mustang outsold its internal-combustion siblings by more than 2:1 in August.

“Pony cars” like the Camaro and Mustang aren’t great commuters, and aren’t especially practical, either. That’s why, throughout their history, they’ve been largely seen as second cars, young people’s cars, or one of the Mustang’s OG nicknames from the 1970s and well into the 90s, “secretary’s sports cars.” As such, when the economy is uncertain, pony cars don’t sell that well – and even though the Camaro is dead and the new electric Charger is struggling to find an audience, the ICE Mustang is feeling some of that negative pressure.

Through August, a total of 31,015 internal combustion Mustangs have been sold, representing more than an 8% decline from the same period in 2024 and less than 10% of the total number sold from January-August in the Mustang’s record sales year (~607,000 units in 1966).

Still a great car


Ford-secret-course
Mustang Mach-E Rally testing; via Ford.

The Mustang Mach-E is only slightly outpacing the ICE Mustang at 34,319 units through the first eight months of 2025, representing a nearly 7% increase from 2024, when demand was artificially low while buyers waited for supercharger access and/or NACS ports. But it’s that eight month we really want to look at, with Ford delivering a total of 7,226 Mustang Mach-E crossovers compared to just 3,235 ICE models.

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And, before you get too excited, that’s a solid month for a modern era ICE Mustang, with 3,235 representing a 2.2% increase in sales compared to 2024. All of which is to say: no, EV sales aren’t slowing – Americans just don’t understand fractions.

If you’re interested in seeing what all the fuss is about, you can score 0% interest financing for up to 75 months on new Mustang Mach-Es in some markets, plus $7,500 and free “standard” home charger installation. There are probably some great deals on ICE Mustangs, too, if you’re into that sort of thing. You can click on the links below to find local offers on both Mustangs in your area:

Ford sold 10,671 electric vehicles in August, up more than 19.3% from last year, with sales of hybrid Fords also surging nearly 24% compared to 2024. EVs and hybrid continue to outpace the rest of the market in general, and the same is true at Ford, which is up “just” 4% across all models for the first eight months of 2025.

SALES NUMBERS: va CarScoops.


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E-quipment highlight: Liebherr L 507 E electric wheel loader

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E-quipment highlight: Liebherr L 507 E electric wheel loader

Combining the unique qualities of Liebherr Stereoloaders with an innovative BEV drivetrain, the six-ton L 507 E raises the bar for electric construction equipment – which is why, when this Danish recycling company decided to get serious about decarbonizing, they chose Liebherr.

Danish waste management company Amager Ressourcecenter (ARC) manages waste recycling for a numober of municipalities in the greater Copenhagen area. Recently, ARC announced plans to make serious reductions to its harmful carbon emissions by investing in new, zero-emission vehicles. To that end, the company has already deployed more more than 200 EVs – including eight (8) new Liebherr L 507 E electric wheel loaders.

That’s a serious investment and a very serious amount of money. As you can imagine, the decision wasn’t an easy one.

To help ARC feel confident in its decision, Liebherr organized a week-long test drive for ARC equipment operators, allowing them to see first hand that the L 507 E, launched last year, was just as competent as its diesel-powered brothers.

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“After an intensive selection process, we decided in favor of battery-electric wheel loaders L 507 E from Liebherr,” explains Casper Schwartz Glottrup, Waste & Tender Consultant at ARC. “This model convinced us and our operators the most and fulfills our requirements perfectly.

“Our eight new wheel loaders have now been in operation for around six months,” adds Glottrup. “The battery-electric drive concept works perfectly. The battery life of the wheel loaders is sufficient for a full working day at our recycling centers without intermediate charging. We are very satisfied with our investment, which we financed with our own funds and without state subsidies.”

Liebherr L 507 E


A proven concept with a new drive: the first battery-electric Liebherr L 507 E wheel loader combines the unique qualities of Liebherr Stereoloaders with an innovative electric drive. Thanks to its alternative drive concept, the L 507 E operates with zero local emissions, low noise levels and is just as powerful as conventionally powered wheel loaders. A win for the Liebherr product range - and your construction site.
L 507 E electric wheel loader, via Liebherr.

The “Stereoloader” stereo steering developed by Liebherr gives its wheel loader operators incredibly precise control over machines like the L 507 E by combining articulated steering with an independently steered rear axle. The result is a machine that combines the advantages of two different steering systems in one machine. It’s a genuinely trick piece of engineering, and one that’s already proven itself over decades of deployment in conventional, ICE-powered Liebherr wheel loaders.

The L 507 E’s standard 32.2 kWh li-ion battery promises up to 8 hours of continuous run time. But because it’s modular, you can drop in another battery for a total of 64.4 kWh and sixteen (!) hours of continuous operation. More than enough to handle several shifts of heavy work.

The loader’s battery is capable of DC fast charging back to full capacity in about 1.5 hours, or 3 hours in 64.4 kWh configuration.

SOURCES | IMAGES: Liebherr, Recycling.


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Hyundai keeps EV deals alive with IONIQ 5 leases starting at just $179 a month

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Hyundai keeps EV deals alive with IONIQ 5 leases starting at just 9 a month

Hyundai is keeping the savings going after extending its EV deals yet again. With leases starting as low as $179 a month, the Hyundai IONIQ 5 is hard to pass up right now.

Hyundai extends IONIQ 5, IONIQ 9 lease deals

After a “breakout” month for IONIQ 5 sales in August, Hyundai looks to keep the momentum rolling. At least for another month.

The Hyundai IONIQ 5 remains a top-selling EV in the US, and might be your best bet if you’re looking to go electric.

Through its Hyundai Getaway sales event, the 2025 IONIQ 5 was listed for lease for as low as $179 per month in August. Although the deals were set to end on September 2, Hyundai has extended them until the end of the month.

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The 2025 IONIQ 5, now with more range, an NACS port, and a stylish new design, can still be leased for just $179 per month.

That’s for the Standard Range SE trim with a driving range of 245 miles. The extended range IONIQ 5 SE, with up to 318 miles of range, is available from $199 per month.

Hyundai-IONIQ-5-lease-deal
The new 2025 Hyundai IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)

You can even snag the souped-up XRT trim for under $300 a month right now. All the offers are for a 24-month lease with $3,999 due at signing.

The deals include the $7,500 EV Lease Bonus, which is also set to expire at the end of September. With the bonus, the net cap cost drops to just $24,380 (SE Standard Range RWD model).

2025 Hyundai IONIQ 5 Trim EV Powertrain Driving Range (miles) Starting Price*  Monthly lease price September 2025
IONIQ 5 SE RWD Standard Range 168-horsepower rear motor 245 $42,500 $179
IONIQ 5 SE RWD 225-horsepower rear motor 318 $46,550 $199
IONIQ 5 SEL RWD 225-horsepower rear motor 318 $49,500 $209
IONIQ 5 Limited RWD 225-horsepower rear motor 318 $54,200 $309
IONIQ 5 SE Dual Motor AWD 320-horsepower dual motor 290 $50,050 $249
IONIQ 5 SEL Dual Motor AWD 320-horsepower dual motor 290 $53,000 $259
IONIQ 5 XRT Dual Motor  AWD 320 horsepower dual motor 259 $55,400 $359
IONIQ 5 Limited Dual Motor AWD 320-horsepower dual motor 269 $58,100 $299
2025 Hyundai IONIQ 5 price, range, and lease price in September

Hyundai also extended the offers for its new three-row electric SUV, the IONIQ 9. Leases for the 2026 Hyundai IONIQ 9 start at $419 per month. If you choose to finance it, Hyundai is offering a $5,000 cash bonus on all trims.

Both the 2025 IONIQ 5 and 2026 IONIQ 9 are built at Hyundai’s EV plant in Georgia, enabling them to qualify for the $7,500 federal tax credit. With the credit set to expire at the end of September, the savings will likely disappear. It will be up to the automakers to step in with significant incentives to keep lease prices as low as they are.

Want to lock in the deals before they are gone? Check the links below to find local offers on the 2025 Hyundai IONIQ 5 and 2026 IONIQ 9 in your area.

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