#used-ev-market

#used-ev-market

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.

A used Tesla Model 3 is easily one of the best electric cars you can buyand probably one of the best cars, period. Tesla's original mainstream EV is abundant on the secondhand market, has solid range and charging specs, packs class-leading software and can be bought for well under $20,000 these days. But what's the deal with those batteries? Can you be confident that a years-old Tesla will still perform well? In general, the answer is yes.

The average value of a used EV in June was 4.8% lower year-over-year compared to 2024, while used gas cars overall got more expensive by 5.2%.