Industry

U.S. used electric vehicle prices rise, holders gain and buyers face higher costs

Used electric vehicle prices in the United States are rising again this year. Recurrent calculated prices have climbed 5.1 percent since January, with vehicles priced below $20,000 up 9.4 percent from January to June. Several models posted gains, while used EVs above $40,000 continued to fall. The market is also seeing stronger sales, with second-quarter used EV volume exceeding 128,000 vehicles, and gasoline prices are cited as a factor supporting demand.

Mobility

China\'s June crude imports plunge 41 percent, focuses on electric taxis to ease oil supply strain

China’s crude oil imports fell to their lowest level in nine years in June, with rising electrification in taxis and ride-hailing seen as a key driver of lower oil use amid supply worries around the Strait of Hormuz. June imports dropped 41.3 percent year on year to 29.27 million tons. Gasoline and diesel consumption fell even as travel and freight rose, while analysts and experts expect further declines in fuel demand and refinery utilisation.