{"id":18579,"date":"2026-04-06T23:55:37","date_gmt":"2026-04-06T23:55:37","guid":{"rendered":"https:\/\/jobuzo.com\/en\/gas-prices-arent-the-only-factor-fueling-used-ev-sales\/"},"modified":"2026-04-06T23:55:37","modified_gmt":"2026-04-06T23:55:37","slug":"gas-prices-arent-the-only-factor-fueling-used-ev-sales","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/gas-prices-arent-the-only-factor-fueling-used-ev-sales\/","title":{"rendered":"Gas prices aren\u2019t the only factor fueling used EV sales"},"content":{"rendered":"
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The most recent electric vehicle sales data provided a grim picture — at least for new EVs. Sales of new electric vehicles took a beating in the first quarter, falling some 28% year-over-year after the Trump administration axed the $7,500 consumer tax credit, according to Cox Automotive.<\/p>\n

Used EVs are moving in the opposite direction. And a couple of accelerants have combined to supercharge those sales.<\/p>\n

First-quarter used EV sales increased 12% compared with the same quarter last year, according to that same Cox Automotive report. There’s a bit of momentum over a shorter term too; used EV sales popped 17% between the fourth and first quarters.<\/p>\n

The rising cost of gas — the average price is above $4 a gallon — has helped spur interest and sales of electric vehicles. But there’s another factor at play here as consumers seek out affordable options: an abundance of expiring leases, the Financial Times reported. EV leases were a popular choice in the early 2020s, and now that they’ve expired, hundreds of thousands of pre-owned EVs are entering the marketplace. And consumers are ready for them.<\/p>\n

By the end of the year, EVs will account for 15% of all off-lease vehicles, double from 7.7% in the first quarter, the FT reported. <\/p>\n

The ol’ economic principle of supply and demand remained steadfast; the surge of pre-owned vehicles helped push prices lower, giving those sales a further boost. That’s led to price parity — or close to it — with internal combustion vehicles. According to Cox Automotive, the average price of a used EV is $34,821 compared to $33,487 for the gas engine equivalent.<\/p>\n

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News :<\/span><div>12 weeks' jail for school IT support technician who took upskirt videos of teachers<\/div><\/span><\/a><\/div>

Techcrunch event<\/p>\n

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\n\t\t\t\t\t\t\t\t\tSan Francisco, CA<\/span>
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Gas prices aren’t the only factor fueling used EV sales<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

The most recent electric vehicle sales data provided a grim picture — at least for new EVs. Sales of new electric vehicles took a beating in the first quarter, falling some 28% year-over-year after the Trump administration axed the $7,500 consumer tax credit, according to Cox Automotive. Used EVs are moving in the opposite direction….<\/p>\n

Read More “Gas prices aren\u2019t the only factor fueling used EV sales”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":18580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/18579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=18579"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/18579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/18580"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=18579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=18579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=18579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}