The U.S. market has undergone a significant shift, with second-hand electric vehicles now often surpassing their gasoline-powered counterparts in average price, a trend that marks a departure from previous cost-effectiveness advantages.
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A recent analysis of over 1.5 million used vehicles, spanning one to five years in age, revealed that the average price of a used electric car in September 2026 reached $32,533. This figure significantly outpaces the average price of a used gasoline-powered vehicle, which stood at $579.
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A notable shift is evident when comparing current market trends to those in September 2025, when electric vehicles were priced $2,227 lower. Furthermore, recent behavior suggests a broader recovery extending beyond price fluctuations.
Electric vehicle sales experienced a significant annual increase of 9.8%, outpacing the modest 0.3% growth of gasoline-powered cars. According to Karl Brauer, executive analyst at iSeeCars, the shift towards electric vehicles may be attributed to declining fuel costs, coinciding with a market recovery following the expiration of federal incentives.
Hybrid vehicles retained the highest average price in the market, reaching $34,476, with a notable 4.9% surge in prices compared to the previous year.
Data indicates that electric vehicles remain on the market for approximately 41.9 days before being sold, whereas gasoline-powered vehicles take around 54.8 days to find a buyer.
Audi's Q4 Sportback e-tron, Toyota's bZ4X, and Lexus's RZ 300e were among the top-selling electric models. Conversely, several high-end electric vehicles, including the Cadillac Escalade IQ, experienced a longer-than-expected sales period, exceeding 100 days before being sold.
The BMW X2 experienced a significant increase of 24.3%, resulting in a new price of $57,862. Similarly, the Tesla Model S also saw a notable rise of 22.5%, with its price now set at $57,862.
When considering a used electric vehicle, a thorough comparison with its gasoline and hybrid counterparts is essential. The economic advantage that previously made electric cars more appealing has narrowed, making it crucial to assess the vehicle's battery condition, maintenance history, and depreciation rate.
Electric vehicle owners are now presented with a more favorable market, as a well-maintained car with a functioning battery can sell quickly and retain its value more effectively than it did a year ago.
