The used EV market is currently experiencing a notable increase in inventory, with a 50% year-over-year rise noted since February 2025. The demand for used EVs has intensified, rivaling that of used gas cars, partly due to the impending elimination of tax credits. As of May, used EVs sold faster than gas vehicles. The growing selection, including 70 different models, and the affordability of used EVs are key factors. Currently, 34% of used EVs are priced under $25,000, appealing to budget-conscious consumers.
The used EV industry is experiencing increased inventory, stable prices, and demand that rivals used gas cars, indicating a significant shift in the automotive market.
At the end of May, used EVs were being sold more quickly than their gas counterparts, suggesting a growing consumer preference for electric vehicles over traditional cars.
34% of used EVs are priced under $25,000, and 55% are below $30,000, making used EVs more affordable than gas cars, which have seen higher price thresholds.
With 72% of used EV listings dating within five years, the selection has broadened significantly, offering consumers more appealing and modern choices.
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