Tesla Dominated The Used EV Market In 2025, But Its Lead Is Narrowing

"The used electric vehicle market is getting more interesting by the day. As new vehicles get more expensive, budget-conscious buyers will increasingly look to the used market. And in this category, EVs are increasingly hitting the sweet spot. After years of record new-EV sales, a wave of off-lease models is now hitting dealer lots, giving shoppers more choice, lower prices and vehicles that still offer the core EV advantages such as fewer moving parts, lower maintenance costs and no trips to the gas station."

"Those dynamics were fully on display in 2025. The surge of new, reasonably priced EVs launched over the past few years has begun to appear in the used market, either coming off lease or being sold by their original owners. According to a new report from auto research firm iSeeCars, used-EV options have now become cheaper and meaningfully more diverse over the past few years. Tesla continued to dominate the list of last year's best-selling used EVs, though the gap is starting to narrow."

"Tesla continued to dominate the list of last year's best-selling used EVs, though the gap is starting to narrow. Ford and Volkswagen both gained ground, signaling that used EV shoppers are becoming more aware of non-Tesla options. Gasoline-powered cars remain overwhelmingly popular as used cars. The top 20 best-selling used cars last year were all powered by internal combustion engines, with the Ford F-150 topping the charts. But EVs are gradually moving up the rankings."

Used electric vehicles are increasing in availability and affordability as off-lease models and owner sell-offs expand dealer inventory. Buyers are finding lower prices and core EV benefits like fewer moving parts, reduced maintenance costs and no gasoline. Tesla models still account for the largest share of one- to five-year-old used EVs, but competitors such as Ford, Volkswagen and Hyundai are making noticeable gains. Gasoline-powered cars continue to dominate overall used-car sales, yet EV market share is rising and the used-EV selection is expected to become more diverse and accessible in 2026.

Read at insideevs.com