Sustainable Transport
Used electric vehicle market achieves price parity with gas cars
Ti AI ṣe iroyin
In 2025, the used electric vehicle market has reached a significant milestone, with prices nearly matching those of gasoline vehicles. Average used EV prices dropped to $31,110 in May, narrowing the premium over gas models to just $897 by August. This shift, driven by falling costs and improved battery longevity, makes EVs more accessible for buyers.