The Financial Post reports in its Tuesday, Nov. 18, edition that demand for pre-owned electric vehicles hit a record in October, which has driven the used electric vehicle prices to a new 2025 high. A Postmedia dispatch to the Post reports that EVs accounted for 4.29 per cent of overall used car sales in Canada in October, 2.5 per cent in Ontario and 7.35 per cent in Quebec, each of which is a new record, according to a Clutch report. Used EV prices climbed 2.15 per cent year over year, reaching an average of $42,047, as more high-end offerings entered the used market, the report said. "The month's gain came entirely from composition effects -- more premium vehicles entering the mix -- while most individual EVs transacted for slightly less," the report said. "The same theme holds year over year: what's selling has become pricier, even as like-for-like prices have softened." New EV sales, however, are waning, falling 39.2 per cent in the third quarter from a year ago, according to Statistics Canada data released in September. "It speaks to the importance of having incentives if you want to move electric vehicles," said Global Automakers of Canada chief executive officer David Adams.