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Edmunds data shows lightly used 2025 EVs selling for $6,000–$24,000 less than new models. Early depreciation and the end of tax credits are widening price gaps, even as used-car loan rates remain higher than new financing offers.

A University of Michigan study finds three-year-old electric vehicles offer the lowest total cost of ownership over 10 years, saving up to $13,000 versus gas cars, driven by depreciation and lower charging and maintenance costs.

Used EV prices are falling rapidly as new-car price cuts, shifting incentives, charging access concerns, and post-pandemic market corrections reshape buyer expectations, creating risks for sellers but major opportunities for the right buyers.

As dealers enter 2026 with large stocks of unsold 2024 and 2025 electric vehicles, buyers may benefit from deeper discounts and better negotiating power, particularly on premium EVs with slower sales.