{"id":607036,"date":"2026-04-26T07:08:13","date_gmt":"2026-04-26T07:08:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/607036\/"},"modified":"2026-04-26T07:08:13","modified_gmt":"2026-04-26T07:08:13","slug":"an-influx-of-used-evs-could-drive-down-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/607036\/","title":{"rendered":"An influx of used EVs could drive down prices"},"content":{"rendered":"<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Part of what has held back electric cars has been the cost. But an influx of used vehicles over the next three years could bring prices down dramatically. In 2025, just 123,000 leases on EVs expired. That is expected to more than double to 300,000 in 2026, and double again to 600,000 in 2027 and 660,000 in 2028, according to <a href=\"https:\/\/www.coxautoinc.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Cox Automotive<\/a>.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Most leased vehicles end up entering the used market. This means more than a million used EVs could become available over the next few years, making them far more accessible. The vast majority of cars sold in the US are used \u2014 some 76 percent as of 2024, according to <a href=\"https:\/\/www.consumeraffairs.com\/automotive\/used-car-statistics.html\" rel=\"nofollow noopener\" target=\"_blank\">Consumer Affairs<\/a>. A large part of that is down to price. In the same report, Consumer Affairs said the average price of a new vehicle was $46,992, and just $27,113 for used.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">The New York Times highlighted how dramatically the difference could be for EVs in particular:<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup ewrhy38 _1xwtict1\">AutoNation, a large dealership chain, is advertising a 2023 Hyundai Ioniq 5 sport utility vehicle for $28,000. It has been driven only 18,000 miles. Loaded with options including all-wheel drive and a panoramic roof, it was listed at $58,000 three years ago.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">While new electric cars tend to be more expensive than their gas-powered counterparts, prices are about the same on the used market. The glut may not last, however. According to the <a href=\"https:\/\/www.nytimes.com\/2026\/04\/25\/business\/electric-vehicles-used-leases.html\" rel=\"nofollow noopener\" target=\"_blank\">Times<\/a>, sales and leases of new EVs fell 36 percent year-over-year from the end of 2024 to the end of 2025. And continued to decline further in the first quarter of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"Part of what has held back electric cars has been the cost. But an influx of used vehicles&hellip;\n","protected":false},"author":2,"featured_media":607037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,1302,6144,3,172,6145],"class_list":{"0":"post-607036","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-cars","10":"tag-electric-cars","11":"tag-news","12":"tag-tech","13":"tag-transportation"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/607036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=607036"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/607036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/607037"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=607036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=607036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=607036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}