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Used EV sales are surging — how their ownership costs compare to gas-powered cars

1 articles · 1 outlets · spread 0.00

Used EV sales are surging — how their ownership costs compare to gas-powered cars
electric vehicles2 hr ago

Used EV sales are surging — how their ownership costs compare to gas-powered cars

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  • CNBC·May 3

    Used EV sales are surging — how their ownership costs compare to gas-powered cars

    Cavan Images / Gabriel Sean Photography | Cavan | Getty ImagesConsumers shopping used-car lots may notice that electric vehicles are increasingly sporting more affordable price tags.Even as purchases of new electric vehicles have faltered, used EV sales jumped 27.7% in March from a year earlier and were 53.9% higher than in February, according to the latest EV Monitor from Cox Automotive, a services and software company for the automotive industry. While it's hard to tease out how much of the surge in sales is due to consumers shifting to EVs amid higher gas prices, at least one contributing factor is the influx of used EVs hitting dealer lots as leases end this year, giving buyers a greater selection of models.Read more CNBC personal finance coverageTreasury announces new Series I bond rate of 4.26% for the next six monthsSocial Security benefits can be reduced for retirees who work. How that may changeFed keeps interest rates unchanged in April: What that means for youWealth, millionaire tax push spreads to more states, but trend presents a 'challenge': ExpertCNBC's Financial Advisor 100: Best financial advisors, top firms ranked"Where we had the highest concentration of leasing happen was between the tail end of 2022 and

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CNBC

First seen

May 3, 2026

Latest

May 3, 2026

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