"The used electric vehicle market has reached a turning point. After years of high prices, used EVs have achieved near price parity with gasoline vehicles, making them more accessible than ever. In August 2025, the price premium for used EVs compared to gas vehicles narrowed to just $897 on average-the smallest gap on record. Better yet, many makes now have lower average EV prices than their gas-powered counterparts."
"Recent market data shows exciting trends for buyers. The average price of a used EV was $31,110 in May 2025, down $2,993 (8.8%) year-over-year, while top-selling models like the Tesla Model 3 ($23,278), Nissan LEAF ($12,890), and Chevy Bolt ($14,705) are priced well below market average. If you've been considering an EV, now is an excellent time to explore the used market."
Used electric vehicle prices have declined to near parity with gasoline vehicles, increasing affordability for buyers. In August 2025 the average price premium for used EVs over gas vehicles narrowed to $897, the smallest gap on record. The average used EV price was $31,110 in May 2025, down $2,993 (8.8%) year-over-year. Popular models such as the Tesla Model 3 ($23,278), Nissan LEAF ($12,890), and Chevy Bolt ($14,705) sit well below the market average. Federal EV tax credits expired on September 30, 2025, though state and local incentives and utility rebates may remain. The average American drives about 40 miles per day, making shorter-range EVs viable for many drivers. EV batteries now degrade at about 1.8% per year, down from 2.3% in 2019.
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