Used EV sales in the US surged 12% year-over-year in Q1 2026 as high gas prices and a flood of off-lease vehicles drove demand. Average used EV prices dropped 8.5% due to increased supply, narrowing the price gap with gasoline vehicles. This contrasts with a 28% decline in new EV sales following the removal of federal tax credits.
Background
The US electric vehicle market has been influenced by federal tax incentives and leasing trends since the early 2020s. Gas price fluctuations continue to impact consumer vehicle purchasing decisions.
- Source
- Ars Technica
- Published
- Apr 6, 2026 at 09:54 PM
- Score
- 6.0 / 10