The price 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 average price for a used gasoline-powered car in U.S. In dollar terms, the gap widened from $265 in February to $2,657 in May, according to an analysis of 2.2 million one to five year-old used cars conducted by iSeeCars. Over the past year, gasoline-powered used vehicle prices have declined between 3-7%, while electric vehicle prices have decreased 30-39%.
Read it in full here: Not the Transition they expected: People paying thousands more for second hand petrol car rather than equivalent used EV « JoNova (joannenova.com.au)
via climate science
June 17, 2024 at 05:52PM
Iowa Climate Science Education 