Carvana, an industry pioneer for buying and selling used cars online, today released its EV Trends Report for Q3 2024. The report focuses on consumer search behavior, showcasing the increasing interest in electric vehicles (EVs) and evolving preferences among shoppers.
Key findings from the report include:
- The EV share of make-model searches on Carvana.com has grown in every quarter of 2024. Additionally, EV share of vehicle page views grew by 226% year-over-year in Q3 2024, reflecting an ongoing shift in shopper interests.
- EV shoppers indicate a preference for luxury features like heated steering wheels and technology-forward features such as adaptive cruise control and Apple CarPlay.
- Typical ranges for search filters used by both EV and internal combustion engine (ICE) customers suggest that EV shoppers prefer lower mileage and newer model years but are open to a higher price range to accommodate this preference.
“At Carvana, we cater to a wide range of customers with varied preferences, including those who enjoy cross-shopping different fuel types,” said Ernie Garcia, Carvana founder and CEO. “We are committed to providing what our customers are looking for by making strategic investments that enable them to understand and confidently purchase EVs as simply and seamlessly as they would any other vehicle from us.”
The full report provides additional analysis and information.
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