After years of steep depreciation following the end of federal incentives, used electric vehicles are finally starting to bounce back. Prices for many models are climbing, and buyers are snapping them up faster than their gasoline-powered counterparts.
According to a new study from iSeeCars, average used EV prices climbed 9.8 percent between September 2025 and September 2026. That's nearly twice the increase for hybrids and significantly more than the 0.3-percent gain for gasoline vehicles.
The study analyzed more than 1.5 million used cars between one and five years old. Here's what the raw numbers look like:
The average used EV now costs $32,533, compared with $31,954 for a gasoline-powered vehicle. That's a $579 difference, reversing the trend from September 2025, when used EVs were $2,227 cheaper than gas cars. Hybrids remain the most expensive option, averaging $34,476.
iSeeCars Executive Analyst Karl Brauer attributes some of the shift to higher fuel prices, which are making electrified vehicles more appealing to shoppers. He notes:
'These pricing shifts reflect significantly different year-over-year trends across drivetrains. Ongoing higher fuel prices are likely driving the shift, though the EV segment has also recovered from the demand turbulence caused by the loss of federal incentives a year ago.'
Used EVs are also spending less time on dealer lots. They averaged 41.9 days on the market in September, compared with 54.8 days for gasoline vehicles and 48.6 days for hybrids. That's nearly two weeks faster than gas cars.
The three fastest-selling used EVs, based on average time spent on the market, were:
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