Published 4 months ago

Prices of used EVs drop below used gas cars for the first time

Summary by WSAV

(iSeeCars) - Used electric vehicle prices fell below average gas car prices in February and EVs have continued to lose value faster than the average used gas car, according to the latest study by iSeeCars. The study analyzed over 2.2 million 1- to 5-year-old used cars sold in May 2023 and 2024 and found that the average used EV price is down 29.5 percent year-over-year versus 6.1 percent for the average used gas car price. In May 2024, the aver…

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Prices of used EVs drop below used gas cars for the first time

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