Used EVs Are A Bargain Right Now — And Buyers Are Noticing
Used electric vehicles (EVs) are becoming increasingly attractive to buyers in the US due to their lower prices, with sales increasing by 12% in the first quarter of 2026. The average cost of a used EV is now within $1,300 of a comparable gas vehicle, making them a more affordable option for many consumers.
Used EVs are gaining popularity in the US due to their lower prices. The average cost of a used EV is now close to that of a comparable gas vehicle. Sales of used EVs increased by 12% in the first quarter of 2026, while new EV sales dropped by 28%. This shift is largely driven by declining prices, with 56% of used EVs selling for $30,000 or less. Many used EVs are coming off leases, which were popular due to a federal tax credit. As a result, used EVs are becoming a more affordable option for consumers looking to ditch gas-powered cars.
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