Used Electric Vehicle (EV) prices fell 29.5% this June, compared to June 2022, according to a new study from research firm, iSeeCars. The average price for a used gas-burning car fell 3.6% in June, compared with a year earlier.
Experts say the war in Ukraine caused record high gas prices last summer and exacerbated demand for EVs that auto makers could not meet due to supply chain challenges. EV buyers were paying thousands more for a used vehicle than the original owner paid to buy it new, but supply chain challenges have since eased.
Source: Spectrum 1 News
