February marked the first time that prices of used electric vehicles were lower than those of gas-powered cars and trucks—and the gap has been growing ever since, which could give the category a boost with consumers.
A study by iSeeCars of one- to five-year-old vehicles found that the average used EV price in May was down 29.5% year over year, versus 6.1% for the average used gas car. And the month-over-month differences show just how sudden the shift has been.
