Used EVs Are Now Cheaper Than Used Gas Cars - Motor1.com

In May, the difference in the average price between used EVs and gas cars widened to its biggest gap yet, 8.5 percent—a $2,657 difference. The average used EV was priced at $28,767 last …

$2657
OFF

Used EVs Are Now Cheaper Than Used Gas Cars - Motor1.com

4 weeks from now

In May, the difference in the average price between used EVs and gas cars widened to its biggest gap yet, 8.5 percent—a $2,657 difference. The average used EV was priced at $28,767 last …

motor1.com

$30904
OFF

Used EVs Are Now Cheaper Than Used Gas Cars

4 weeks from now

Apr 1, 2024 · According to ISeeCars.com (which lists used cars for sale), used electric cars in February cost on average $30,904 while gas powered cars cost on average $31,169. Many …

environmentamerica.org

$27000
OFF

Why Are Used Electric Vehicles So Cheap? - Bumble Auto

4 weeks from now

Now in 2022, small Electric cars are cheapest ranging from $27000 - $32000 ... That’s why electric cars are considered cheaper than gas-powered. ... The first hand EV is much more …

bumbleauto.com

$4
OFF

Why EVs Are Now Almost As Cheap As Gas Cars - Reddit

4 weeks from now

A 60kWh battery pack which is somewhat standard for entry level EVs will cost around $4K at the OEM pack level by later this year. The entire EV drivetrain (battery, motors, electronics) will be …

reddit.com

FAQs about Used EVs Are Now Cheaper Than Used Gas Cars - Motor1.com Coupon?

Are used EVs cheaper than gas cars?

Used EVs are now becoming cheaper than gas cars. The gulf is expected to widen further in the coming months. Automotive research firm iSeeCars analyzed over 2.2 million one- to five-year-old used cars sold between May 2023 and May 2024. It found that the average used EV price is down 29.5% year-over-year. ...

How much does a used EV cost?

These prices highlight a major shift from a year ago, when the average used EV cost $40,783 and the average used gas car cost $33,469. Several factors could be driving down the prices of used EVs. At the start of 2024, new IRS rules went into effect, making federal tax credits available to buyers at the point of sale. ...

Are used EV prices falling?

“There’s no denying the crash in used EV values over the past year,” said Karl Brauer, executive analyst at iSeeCars. “We’ve watched EV prices fall between 30-40% since June of last year, while the average gas car’s price has dropped by just 3-7% in that same timeframe,” he added. So which used EV models exactly are cheaper now? ...

How much does a used EV cost in 2024?

Prices of used gas-powered cars have also dropped, but only by an average of 6.1%. In May 2024, the average late-model used EV cost $28,767, 8.3% below the average late-model gas car at $31,424. These prices highlight a major shift from a year ago, when the average used EV cost $40,783 and the average used gas car cost $33,469. ...

Are EV prices dwindling?

In the last year, average used car values have dropped between 3 and 7 percent, the report found, while used EV values have plummeted between 29 and 39 percent. While this price drop may be good news for Americans looking for a cheaper switch to an EV, the price crash is yet another sign of dwindling US demand for the cars. ...

Are secondhand electric cars cheaper than gas cars?

Secondhand electric cars are now cheaper than their gas counterparts for the first time - and the gap is widening quickly. This is according to a new study from comparison site iSeeCars, which found the cost of an average used EV dropped $265 below a typical gas car in February. ...