NewsApr 7, 2026
Used Electric Vehicles Sales Reach New Record with Bigger Surge Ahead
Used EV sales in Canada surged to a record high in Q1 2024, with nearly 37,000 EVs sold through Manheim's wholesale auctions and over 100,000 sold at retail. Year-over-year growth reached 12%, driven by rising fuel prices, increased off-lease supply, and provincial incentives like Ontario’s $4,000 iZEV rebate, BC’s $3,500 rebate, and Quebec’s RÉVE program. Economic factors such as lower operating costs and reduced fuel expenses are the primary motivators for Canadian buyers choosing used EVs over new models.
