
- Prices of one to five-year-old used EVs plummeted 25% over the past year.
- The average price of a used EV in the U.S. is now $27,000, lower than the average price of used gas cars and hybrids.
- Tesla Model 3, Kia Niro EV and Hyundai Kona Electric are among those leading this plunge.
- The price drop is accelerating their sales, with fewer days spent on lots.