Used EVs going cheap: Falling Prices Could hit $20K, Spark Sales Surge

Douglas McIntyre, editor-in-chief of Climate Crisis 24/7, highlights the average 12% drop in used EV prices last month, contrasting it with flat prices for conventional secondhand cars and posits that while the decline stems from weak demand, this trend presents an opportunity for growth in the EV market. As prices for used EVs approach $20,000, they may attract more buyers, addressing the price-related barrier that has stifled demand for over a year and a half.