Here’s why used EV prices are in line with pre

By Summer Ballentine, The Detroit News

Heavy discounts on new electric vehicles and buyer skepticism about their durability continue to push down used EV prices, which experts say has opened up a traditionally pricey market to more U.S. drivers.

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While new EVs on average cost $9,000 more than similar gas models, prices on used EVs now are competitive with their internal combustion counterparts at about $680 higher on average, Cox Automotive EV analyst Stephanie Valdez Streaty said: The used market “is one area where you can find affordable EVs.”

In September, the average transaction price for a new EV was $58,124, while the average listing price for a used EV was $34,575, according to Cox Automotive. The lower price tags could be key to winning over an unenthusiastic U.