Overview
- Dealer lots hold a 168-day supply of new EVs after the $7,500 credit ended, signaling a sharp slowdown in new-vehicle demand.
- January average transaction prices split sharply: new EVs at $55,715 versus used EVs at $35,442, with used EVs nearly at price parity with comparable used gas cars.
- Used battery-electric sales climbed 21.2% in January to 31,503, and the 43-day used EV supply fell below that of used gas and diesel vehicles; Tesla led used EV sales with 12,416 units.
- iSeeCars reports used Tesla prices rose 4.3% to $31,329 from September to January as non-Tesla used EVs fell 3.6% to $23,738, underscoring brand-driven resilience.
- Market watchers expect a wave of lightly used lease-return EVs in the next couple of years that could expand supply and pressure prices.