China’s Next Advance in Electric Vehicles Is a Used-Car Market

(Bloomberg) — China’s efforts to build a thriving market for secondhand vehicles, pretty much from zero, are slowly starting to deliver results, including in the electric car segment.

Sales of pre-owned vehicles jumped by 30% in the first 10 months of this year and are expected to reach 17 million units in 2021, according to the China Automobile Dealer Association (CADA).