Used EVs under $25,000 propel sales even as new models languish
By Kyle Stock, Bloomberg News
Traffic may have dried up at EV dealerships after the end of federal purchase incentives, but sales of used electric cars and trucks have only accelerated.
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Almost 89,000 used EVs changed hands in the last three months of 2025, up 13.5% from a year earlier, according to Cox Automotive. What’s more, the inventory of used electric machines is turning over in about 50 days, slightly faster than for gas-powered cars. By contrast, sales of new EVs fell 36% in the fourth quarter of last year.
“The buzz word for the year is ‘affordability’ for a really good reason,” said Liz Najman, director of market insights at Recurrent, which provides range estimates and other EV-centric data to car dealers and shoppers. “You can get a two or three-year-old EV for 50% off and you’re talking about something with a lot of technology and a warranty on the battery.”