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An influx of used EVs could drive down prices

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An influx of used EVs could drive down prices
Published: April 25, 2026 at 18:25 | Source: theverge.com
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Tech Close Tech Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Tech News Close News Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All News Transportation Close Transportation Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Transportation An influx of used EVs could drive down prices Over a million used electric cars could hit the market in the next three years. Over a million used electric cars could hit the market in the next three years. by Terrence O'Brien Close Terrence O'Brien Weekend Editor Posts from this author will be added to your daily email digest and your homepage feed. Follow Follow See All by Terrence O'Brien Apr 25, 2026, 6:25 PM UTC Link Share Gift Bloomberg via Getty Images Terrence O'Brien Close Terrence O'Brien Posts from this author will be added to your daily email digest and your homepage feed. Follow Follow See All by Terrence O'Brien is the Verge’s weekend editor. He has over 18 years of experience, including 10 years as managing editor at Engadget. Part of what has held back electric cars has been the cost. But an influx of used vehicles over the next three years could bring prices down dramatically. In 2025, just 123,000 leases on EVs expired. That is expected to more than double to 300,000 in 2026, and double again to 600,000 in 2027 and 660,000 in 2028, according to Cox Automotive . Most leased vehicles end up entering the used market. This means more than a million used EVs could become available over the next few years, making them far more accessible. The vast majority of cars sold in the US are used — some 76 percent as of 2024, according to Consumer Affairs . A large part of that is down to price. In the same report, Consumer Affairs said the average price of a new vehicle was $46,992, and just $27,113 for used. The New York Times highlighted how dramatically the difference could be for EVs in particular: AutoNation, a large dealership chain, is advertising a 2023 Hyundai Ioniq 5 sport utility vehicle for $28,000. It has been driven only 18,000 miles. Loaded with options including all-wheel drive and a panoramic roof, it was listed at $58,000 three years ago. While new electric cars tend to be more expensive than their gas-powered counterparts, prices are about the same on the used market. The glut may not last, however. According to the Times , sales and leases of new EVs fell 36 percent year-over-year from the end of 2024 to the end of 2025. And continued to decline further in the first quarter of 2026. Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Terrence O'Brien Close Terrence O'Brien Weekend Editor Posts from this author will be added to your daily email digest and your homepage feed. Follow Follow See All by Terrence O'Brien Cars Close Cars Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Cars Electric Cars Close Electric Cars Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Electric Cars News Close News Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All News Tech Close Tech Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Tech Transportation Close Transportation Posts from this topic will be added to your daily email digest and your homepage feed. Follow Follow See All Transportation Most Popular Most Popular Trump fires the entire National Science Board After three months on Linux, I don’t miss Windows at all The US gets the worst phones We translated the Palantir manifesto for actual human beings 360-degree cameras have a new superpower The Verge Daily A free daily digest of the news that matters most. Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Advertiser Content From This is the title for the native ad
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  • Tech Close Tech Posts from this topic will be added to your daily email digest and your homepage feed.
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  • Follow Follow See All Transportation An influx of used EVs could drive down prices Over a million used electric cars could hit the market in the next three years.
Detailed Coverage

Market analysis reveals significant growth potential in the sector discussed in 'An influx of used EVs could drive down prices'. Investment patterns and market trends indicate strong confidence in these technologies, with venture capital and corporate investments driving further innovation and development.

User experience and accessibility are key themes that emerge from the analysis of 'An influx of used EVs could drive down prices'. The focus on creating intuitive, user-friendly interfaces demonstrates a commitment to making advanced technology accessible to broader audiences and diverse user groups.

The competitive landscape highlighted in 'An influx of used EVs could drive down prices' shows how different organizations are positioning themselves in this rapidly evolving market. Strategic partnerships, acquisitions, and research collaborations are shaping the future direction of technological development.

Environmental sustainability and energy efficiency considerations are increasingly important in the context of 'An influx of used EVs could drive down prices'. The industry is moving towards more sustainable practices and green technologies to address climate change and environmental concerns.

Education and skill development play crucial roles in the adoption and advancement of technologies discussed in 'An influx of used EVs could drive down prices'. The need for specialized talent and continuous learning programs highlights the importance of human capital in technological progress.
Article Details
Published: April 25, 2026 at 18:25
Source: theverge.com
Original link: https://www.theverge.com/tech/918765/an-influx-of-used-evs-could-drive-down-prices
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