Quarterly data indicates that "used electric car finance" delinquency rates have remained below pre-pandemic averages, a strong signal of market resilience and borrower confidence. Chinese automakers now account for a notable share of all new car enquiries, with JAECOO capturing a 6.2% share of new car leads to retailers, an increase from their initial 4.1% share just eight months prior. If you plan on buying a used EV, your window for using the tax credit is quickly closing. While an auto loan tax deduction was included as part of the same tax bill that struck EV credits, this deduction only applies to new vehicles — so it won’t make a difference in the used EV market. Liquidity in the "used electric car finance" market has improved, with securitization volumes up to $1.4B this quarter, surpassing last year’s peak.
