Auto auctions keep close watch on EV infrastructure developments

Electric vehicles took some time to gain steam in the new-car market, but once they did, sales took off like a rocket. Given the measured pace of new EV sales in the years prior to the acceleration in 2021, pre-owned EVs remain a “niche market,” due to the resulting low supply and other considerations, says Cox Automotive Jonathan Smoke.

That won’t last forever.

And the auto auction industry is keeping a close eye on the used EV market, preparing for the inventory that may come down the lane in a few years.

The National Auto Auction Association has …