Photo Credit:Fair Use [17 U.S.C. § 107] Pre-owned Tesla Model S saw largest price drop.

Average Used EV Costs Less Than Used Gas-Powered Vehicle, Study Says

26 Jul 2025 | Abstracted from Spectrum

The average price of a used 1- to 5-year-old electric vehicle in June 2025 was $31,354 - about $1,200 less than the $32,525 average for used internal-combustion cars. According to iSeeCars data cited by Spectrum, EV used prices fell 4.8% year‑over‑year while gas-powered used car prices rose 5.2%. Teslas (Model S, X, Y) dominated the largest price drops. Value-conscious shoppers now find used EVs more affordable than gas cars.

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