Rising Gas Prices Got You Thinking Electric? Here’s How Much You’ll Pay for the Most Popular Used EVs

Several popular models are under $30K.

By Gabrielle Olya Aug 15, 2022 Auto Loans 101

The rise in gas prices has led to a spike in interest in electric vehicles (EVs). From February 2022 to March 2022, CarMax received 1.5 times the search volume for the term “electric” — around the same time gas prices hit their new high.

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And even before gas prices reached their new levels, consumers had been gaining interest in EVs. According to 2021 data from the Pew Research Center, 40% of non-EV owners are very or somewhat likely to purchase an EV as their next vehicle.

The cost of buying a new EV can be a barrier to entry, but fortunately, you can get (slightly) lower prices on used EVs. Here’s how much you can expect to pay for the most popular used electric vehicle models.

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1. Tesla Model 3

Average CarMax used vehicle price: $49,440

2. Nissan Leaf

Average CarMax used vehicle price: $21,447

3. BMW i3

Average CarMax used vehicle price: $21,455

4. Chevrolet Volt EV

Average CarMax used vehicle price: $27,416

5. Tesla Model X

Average CarMax used vehicle price: $89,194

All prices are sourced from CarMax and are accurate as of May 16, 2022.

About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert.