Forget New Cars: Now Might Be The Perfect Time To Buy A Used EV
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The used electric vehicle market is gaining momentum, with prices falling as many EVs come off lease. Sales of used EVs increased 12% in the first quarter of 2026, with an average price of $34,821, making them more affordable for mainstream buyers.
The used electric vehicle market is growing, with many EVs coming off lease. This has led to a decrease in prices, making used EVs more affordable. In the first quarter of 2026, sales of used EVs increased 12% to 93,500 vehicles. The average price of a used EV is $34,821, down from $50,000 three years ago. This price drop has narrowed the gap with gas vehicles, making used EVs a more attractive option for buyers. As a result, 44% of used EV transactions in February were under $25,000, expanding access for mainstream buyers.
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