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Used Evs

All articles tagged with #used evs

business13 days ago•3 min saved

Used EV Prices Rally as Iran War and Gas Costs Drive Demand

Used electric vehicles are fetching higher prices as demand strengthens amid the Iran conflict and elevated gas prices. Cox Automotive’s Manheim index shows EV prices at wholesale up 12% year over year last month, versus a 1.7% rise for non-EVs. Wholesale EV prices have climbed about 11.5% this year to roughly $30,400, with May used-EV listings averaging $37,083. May used-EV sales reached 42,923 (up 5.5% MoM, 24.7% YoY), led by Tesla. Gas prices average around $3.80/gal, up about 21% YoY. Analysts warn a wave of off-lease EVs later this year could pressure prices if gas prices ease, even as new EV sales declined in Q2.

via CNBC|

#business #ev-demand #gas-prices

business2 months ago•5 min saved

Gas-price surge nudges U.S. buyers toward used EVs

With gas averaging about $4.43 a gallon, roughly 15% of Americans say they’re considering an EV, and analysts note the most accessible option for many is the used EV market amid high new-EV prices, tight inventories, and fading federal incentives. Deals persist (e.g., Tesla Model Y 0% APR; Lucid 0.99% for 60 months), but new-EV supply is down about 80,000 units versus last year. Used EVs can be 40–60% cheaper than new, and batteries are often backed by 8-year/100,000-mile warranties, though charging infrastructure and port compatibility (NACS) remain concerns. Experts say price pressure may nudge adoption, but a surge isn’t guaranteed and lifestyle needs still drive decisions.

via ABC News - Breaking News, Latest News and Videos|

#auto-industry #business #consumer-behavior

tech2 months ago•45 min saved

Used EV glut could push prices lower for years

An anticipated flood of over a million used electric vehicles in the next three years—driven by surging lease expirations (from about 123k in 2025 to 660k in 2028, per Cox Automotive)—could depress prices as most leases enter the used market. Used EVs are already priced similarly to gas cars, with notable depreciation like AutoNation’s 2023 Hyundai Ioniq 5 dropping from $58k new to about $28k used. Still, the glut may not last, as new EV sales and leases fell about 36% year over year from late 2024 into 2025 and continued to decline in early 2026.

via The Verge|

#cox-automotive #electric-cars #ev-prices

business4 months ago•4 min saved

Gas Surge Triggers Rise in EV Searches, Edmunds Finds

Edmunds reports electrified-vehicle searches rising to 22.4% of site queries in the week of March 2 (up from 20.7%), driven mainly by full EVs, as Iran-related oil-market turmoil pushes gas prices higher (national avg around $3.58/gal). The trend mirrors past spikes and could boost EV demand, though affordability and policy uncertainties persist, with more used EVs likely as leases end.

via InsideEVs|

#business #edmunds #electric-vehicles

business4 months ago•10 min saved

Hyundai pulls Ioniq 6 from US lineup, sparking used-EV excitement

Hyundai is discontinuing the Ioniq 6 in the US for 2026, keeping only the high‑performance Ioniq 6 N; tariff costs and the removal of the $7,500 EV tax credit helped drive weak sales. The car’s distinctive design and strong range could make it a compelling used EV, with the Ioniq 6 N still expected around $70k and many new units remaining on dealer lots.

via The Autopian|

#business #ev-tax-credit #hyundai

technology4 months ago•4 min saved

Most Used EV Batteries Stay Above 95% Capacity, UK Study Finds

A UK Generational study of more than 8,000 EVs tested in 2025 found an average battery health of about 95%, with degradation largely tied to age and usage rather than mileage. Even 8–12-year-old EVs can retain over 85% of their original capacity, though the spread widens with age. Extreme fast charging, deep discharges, and cold climates accelerate degradation. The findings suggest used EVs are generally healthier than feared and underline the need for independent battery-health testing to aid buyers and resale values.

via InsideEVs|

#aging-evs #battery-degradation #ev-battery-health

business5 months ago•3 min saved

Off-Lease EV Surge Could Flood U.S. Market with Cheap Used Cars

A wave of off-lease EVs is about to hit the U.S. market thanks to IRA-driven subsidies and aggressive lease deals that made EVs cheap to lease; as 24–36 month leases expire, used-EV supply will surge, depressing prices in the near term with a peak around 2028, though the batteries typically hold up well and the glut could ultimately expand affordable EV adoption.

via The Drive|

#business #depreciation #ira

technology1 year ago•7 min saved

Final Opportunity for a Great Deal on a Top Electric Vehicle

The article highlights the opportunity to buy affordable, high-quality used electric vehicles, especially Tesla Model 3s, before government rebates end on September 30, due to market shifts and the availability of well-maintained, warranty-backed used models at significant discounts, making now an ideal time for consumers to switch to EVs.

via CleanTechnica|

#electric-vehicles #ev-deals #government-rebates

business1 year ago•3 min saved

Upcoming EV Tax Credit Changes and Their Impact on U.S. Car Buyers

The $7,500 federal EV tax credit will expire on September 30 after President Trump signed the Big Beautiful Bill, making it a good time for potential buyers to purchase new electric vehicles before the incentive ends. Used EVs also qualify for a smaller tax credit, and market competition may influence prices and incentives in the future. If you're planning to buy an EV and can afford it, it's advisable to do so before the credit expires.

via Business Insider|

#business #car-buying #electric-vehicles

technology2 years ago•3 min saved

Cracking the Code: Evaluating the True Value of Used Electric Vehicles

Startups are racing to develop and implement battery health and performance tests for used electric vehicles (EVs) to help buyers accurately assess the value of secondhand EVs. Unlike traditional combustion-engine cars, the value of EVs depends largely on the battery's driving range and ability to hold a charge. Companies like Altelium and Aviloo have developed battery tests that can quickly measure battery health, enabling more transparent and reliable transactions in the used EV market. The lack of visibility and concerns about battery life have contributed to lower used EV prices compared to fossil-fuel models. Properly valuing used EVs is crucial as the market is expected to see a significant influx of vehicles in the coming years.

via Reuters|

#battery-health #ev-battery-tests #secondhand-market

business3 years ago•5 min saved

Changes to Electric Vehicle Tax Credits and Alternatives.

The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as new rules issued by the U.S. Department of the Treasury took effect. However, consumers in the market for an electric passenger vehicle can still access a tax break by instead buying a used EV or leasing a vehicle, experts said. The Inflation Reduction Act also created a tax credit for consumers who buy used electric or fuel-cell vehicles. The tax break for used cars, which took effect in 2023, is worth $4,000 or 30% of the sale price, whichever is less.

via CNBC|

#business #electric-vehicles #inflation-reduction-act

business3 years ago•4 min saved

Navigating Changes to Electric Vehicle Tax Credits: Workarounds and Discounts

The Inflation Reduction Act has set manufacturing requirements for new all-electric and plug-in hybrid vehicles to qualify for the full $7,500 tax credit. The final two requirements will kick in on April 18 and phase in over a few years, which may cause the current list of cars that qualify for the credit to fall in number. However, consumers can still get a tax credit by buying a used EV or leasing a new electric passenger vehicle. The used vehicle credit applies to a broad selection of cars, while the leasing tax benefit doesn't carry the manufacturing requirements attached to purchases of new cars.

via CNBC|

#business #electric-vehicles #leasing

automotive3 years ago•2 min saved

Used Electric Vehicle Sales Surge in Q1, Driving Market Growth.

Used electric vehicle (EV) sales in the US increased by 32% in Q1 2022, with analysts forecasting new EV sales to reach one million for the first time this year. The average price of a used EV was around $43,400, down 4% from last year, and well below the average cost of a new model. As new EV sales continue to climb, more used models are becoming available, and used EV sales are expected to increase rapidly. Tesla's recent price cuts have influenced much of the market, with several automakers following suit.

via Electrek.co|

#automotive #electric-vehicles #market-trends