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121 America's Used EV Price Crash Keeps Getting Deeper

Slashdot
EditorDavid @ Slashdot · 06/23/2024 03:34 EDT

America's Used EV Price Crash Keeps Getting Deeper

Long-time Slashdot reader schwit1 shares CNBC's report on the U.S. car market:

Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any "premium" tag formerly associated with EVs.

The decline has been dramatic over the past year. In June 2023, average used EV prices were over 25% higher than used gas car prices, but by May, used EVs were on average 8% lower than the averag

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