Sales Of Used EVs Surge In US

Used electric vehicles are selling fast in the US, as high gas prices push buyers toward cars and trucks they once found too expensive new. The Ford F-150 Lightning, an electric pickup Ford stopped making, has become one of the hottest used vehicles in the country. Used ones now sell for about half to 60 percent of their original sticker price, and they're moving off lots in around 20 days, half the usual time for a used vehicle. One buyer in Colorado traded in his gas-powered F-150 for a used Lightning at $40,000, calling it both an upgrade and a bargain, and noting he can run an electric blanket off the truck's outlets while camping.

Industry voices quoted in the report say the shift is pure economics, not environmental enthusiasm. With gas prices high, buyers are comparing total cost of ownership and finding used EVs now close in price to used gas cars, while often being newer with fewer miles. That combination has made used EVs the fastest-selling category of vehicle in the used market.

New EV sales, meanwhile, are down for several models, including the Hyundai Ioniq 5, Chevy Bolt, and electric Cadillacs, partly because many buyers rushed to purchase before federal EV subsidies expired in September 2025. Automakers are responding with cheaper models, including new EVs priced at or below $45,000, and Ford has said it plans an all-new electric midsize pickup for 2027. For homeowners weighing an EV purchase, the used market may now offer more for the money than it did even a year ago.