Used EV Market Summary
The global used EV market is projected to grow significantly from 82.0 USD billion in 2024 to 1099.5 USD billion by 2035.
Key Market Trends & Highlights
Used EV Key Trends and Highlights
- The market is expected to witness a compound annual growth rate (CAGR) of 26.62% from 2025 to 2035.
- By 2035, the market valuation is anticipated to reach approximately 1099.5 USD billion, indicating robust growth.
- In 2024, the market is valued at 82.0 USD billion, laying a strong foundation for future expansion.
- Growing adoption of electric vehicles due to increasing environmental awareness is a major market driver.
Market Size & Forecast
2024 Market Size | 82.0 (USD Billion) |
2035 Market Size | 1099.5 (USD Billion) |
CAGR (2025-2035) | 26.62% |
Major Players
Tesla, CarMax, Vroom, Carsome, Manheim, Autowini, OLX Group, Carvana, Cox Automotive, Shift Technologies, Jumia, Cazoo, Kavak, Copart