Gas Prices Are Soaring. So Is the Demand for Used EVs

Image for article Gas Prices Are Soaring. So Is the Demand for Used EVs
News Source : Wired

News Summary

  • US sales of used EVs popped 12 percent in the first quarter of the year compared to the same time in 2025.
  • The bump in used EV interest comes at both a weird and convenient time.
  • Automakers that sell electrics in the US are continuing to back away from introducing new ones right now.
  • Some 200,000 used EVs are set to come off lease this year, after US consumers, once attracted by generous tax incentives for leased electrics, start turning them in, triple 2024’s levels.
Buying inquiries are way up at iDrive1 Motors in Carrollton, Texas, where owner Dink Davis has specialized in used electric vehicles for a decade. Gas prices arent nearly as high in the Lone Star Sta [+3524 chars]

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