A new study reveals that the average price of used electric vehicles now surpasses that of comparable gas-powered cars, marking a shift in the secondhand market. Researchers attribute this trend to the higher upfront costs of EVs and lingering concerns about battery longevity among buyers. The findings suggest that while new electric vehicles remain expensive, their resale values are catching up to—or even outpacing—those of traditional gasoline models. This development could influence consumer decisions as the automotive industry continues its transition toward electrification.
Study: Used EV Prices Now Exceed Those of Gas-Powered Cars Advanced Manufacturing
