Used EV Sales Surge 12% as Prices Plunge and Lease Returns Flood Market

Used electric-vehicle sales surged 12 percent as hundreds of thousands of lease returns flooded the market.

“Sales of used electric vehicles are surging in the US as models bought during a post-pandemic boom flood back onto the market, offering prospective buyers relief from a sharp rise in petrol prices”

Ars Technica

The glut of off-lease EVs drove average used prices down 8.5 percent, closing the price gap with gasoline vehicles from $4,923 to $1,334.

Ars Technica

EVs will account for 15 percent of all off-lease vehicles at the end of this year, up from 7.7 percent.

New EV sales fell 28 percent year on year after the tax credit was withdrawn.

New EV registrations surged 26.4 percent in July to 130,082, the second-best month on record.

Eleven brands posted their best sales of 2025.

electrive

Tesla remained the market leader with 53,816 deliveries.

The average new EV price fell to $55,689, reducing the gap with combustion vehicles.

Lease deals powered growth because buyers accessed new EVs with lower monthly payments than gasoline models.

The average lease payment for a Chevrolet Blazer EV was $515 compared with $586 for a petrol-powered equivalent.

Cheapest electric vehicles can be acquired for well under $20,000 with incentives and credits.

The removal of the tax credit shifted demand toward cheaper models and the used market.