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Used EV Prices Drop 40% as Buyer Interest Hits All-Time High

  • Used EV prices have dropped over 40% in three years, leading to a surge of interest from car buyers.
  • Filtered searches for 'electric vehicle' have nearly doubled, indicating increased demand for used EVs.
  • The most popular used EVs include the Tesla Model 3, Tesla Model Y, and Chevy Bolt. New contenders like the Ford F-150 Lightning and Rivian R1T are also gaining popularity.
  • More people are now trading in sedans and coupes for EVs, indicating the expansion of the EV buyer base.

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