The $30,000 Used Electric Vehicle Buying Guide The used electric vehicle (EV) market presents a paradox: prices have risen by over 5% since February, despite strong demand.
According to Cox Automotive, used EV sales increased by 25% year over year through May, but June's numbers were weaker. This anomaly is partly due to the type of buyers driving demand.
Many consumers are opting for more affordable options, leading to a surplus of cheaper used EVs on dealer lots. This has driven up prices, despite the robust demand.