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Polestar CEO speaks up for used car market as fuel prices rise and EVs become cheaper
?Polestar's CEO Michael Lohscheller stated on Thursday that used car sales are exceeding new vehicle sales, due to a rise in gasoline and diesel costs from the war in Iran driving customers towards less expensive EV options. Online car platforms reported last month that the war in Iran has boosted used electric vehicle sales in Europe. "Used cars are growing faster than brand new vehicles, especially since so many people have come forward and said, "we are price-sensitive." Lohscheller said after the company announced its first-quarter results: "We prefer used cars and look at electric vehicles." Polestar's sales of used...