Forget New Cars: Now Might Be The Perfect Time To Buy A Used EV

Summary: Used EV prices are falling as vehicles come off lease, making them increasingly affordable compared to new models. Used EV sales rose 12% in Q1 2026, whilst new EV sales dropped 28%. The price gap between used EVs and petrol vehicles has narrowed dramatically to just $1,334, with 44% of used EV transactions now under $25,000.

Brands mentioned: General Motors, Toyota, Ford, Hyundai