Used EVs Are Cheaper Than Ever: 10 Models With Price Drops up to 30%

The used car market has remained relatively stable — even as inventory picks up — with overall prices dropping just 4% year over year, iSeeCars.com reported. However, used electric vehicle prices, in particular, are dropping at rates that are much more significant. The site’s June report found that used electric vehicle prices have fallen by 29.5% over the past year.

“A year ago, used EV prices were on the upswing, rising faster than the average used car,” Karl Brauer, executive analyst at iSeeCars.com, said on the site. “Electric vehicle prices are now falling at nearly 10 times the rate of the average used vehicle, reflecting a clear shift in EV supply and demand.”

The prices for certain models have fallen more than others, with Tesla prices seeing the biggest drops. Here’s a look at the 10 used EV models with the biggest price drops over the past year.

• Average price (June 2023): $37,023
• Price change from June 2022: -$16,258
• % change from June 2022: -30.5%

• Average price (June 2023): $46,269
• Price change from June 2022: -$9,783
• % change from June 2022: -17.5%

• Average price (June 2023): $40,986
• Price change from June 2022: -$8,255
• % change from June 2022: -16.8%

• Average price (June 2023): $20,148
• Price change from June 2022: -$3,893
• % change from June 2022: -16.2%

• Average price (June 2023): $33,213
• Price change from June 2022: -$6,401
• % change from June 2022: -16.2%

• Average price (June 2023): $33,607
• Price change from June 2022: -$6,170
• % change from June 2022: -15.5%

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All data is sourced from iSeeCars.com and is accurate as of July 10, 2023.