Falling prices steer US buyers toward used electric vehicles - Reuters

Reuters
March 11, 2026
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2 min read

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The Bottom Line

Falling prices are leading U.S. buyers to purchase used electric vehicles, with prices down 32% in a year.

How This Affects You

If you are considering buying an electric vehicle, you may find used models are significantly more affordable, potentially saving thousands of dollars.

AI Summary

Falling prices are directing U.S. consumers towards purchasing used electric vehicles (EVs), according to a Reuters article. This shift is driven by a 32% decline in used EV prices over the past year, contrasting with a 3% drop for gasoline cars. The affordability of used EVs is attracting buyers who might otherwise be deterred by the higher cost of new models.

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