The end of federal tax credit was no doubt a roadblock to the new electric vehicle market, and to some extent, the used EV segment, as well.

But demand for used electric vehicles remains healthy, prices have eased and supply is plentiful.

And that could mean opportunities for dealers, according to the Used Electric Car Prices & Market Report from Recurrent.

“As used EVs leave behind the wild price volatility we saw in the first part of the decade, they enter a stable and mature market,” writes Recurrent director of market insights Liz Najman, who authored the report.

“Although the data (in the report) shows winter price drops, they correspond with those seen across the entire used car market,” Najman said. “With no impending policy changes and plenty of exciting inventory from lease returns, now is a great time for dealerships to capitalize on used EVs.”

Last year was, for sure.

Used EV sales for 2025 climbed 35% year-over-year, with December sales up 10.2% from the prior year and beating November figures by 9.7%, according to Recurrent’s report.

And consumers can get their hands on used EVs relatively inexpensively.

More than half of January’s used EV inventory (56%) is priced below $30,000, Recurrent said in the report.

And they’re relatively young used cars.

Fifty-five percent of used EV inventory is from 2023 or later, Recurrent said, and 30% of the below $30,000 variety are from this age group.

Granted, average prices of used EVs aged 1 to 5 years in January were up 3.5% from September, according to an iSeeCars.com report.

However, that increase is driven by used Teslas, which comprise the lion’s share of used EVs and whose prices have risen 4.3% during the same period, iSeeCars said.

Taking used Teslas out of the equation, the rest of the 1- to 5-year-old used EVs have softened in price (for the most part).

When removing Teslas and the low-volume Porsche Taycan from its data, the rest of the used EV group fell 3.6% in price, the company said.

“When looking at new and used EV price shifts, it seems clear manufacturers and dealers are trying to offset the loss of the EV credits with lower prices on mainstream models,” iSeeCars executive analyst Karl Brauer said in the report. “But Tesla pricing has proven resilient, rising while nearly every other electric vehicle price has fallen since the EV credits went away.”

He later added: “Tesla still makes up the bulk of the used EV market, which means its price increases have led to an overall increase in used EV pricing since September. But when you remove Tesla models from the used EV market, there’s a substantial drop in EV prices.”

And there may be some market-share challenges with used EVs, if the data from iSeeCars is any indication.

In September, used EVs had a 3.5% share of sales of 1- to 5-year-old vehicles, the company said. In January, that dropped to 2.8%. That’s a 20% decrease, iSeeCars notes.

Between September 2024 (1.8%) and January 2025 (2.1%), the share climbed 19.5%.

“While used electric vehicle market share was growing by almost 20% a year ago, it’s fallen by the same amount in recent months, suggesting a major shift in consumer interest for used EVs,” said Brauer.

Still, overall used EV sales (31,503 units) were up 21.2% year-over-year in January and up 20.8% month-over-month, according to Cox Automotive’s latest EV Market Monitor.

There were 12,416 used Teslas sold, Cox said, with Audi next in line at 2,002 used EV sales. Ford (1,995), Chevrolet (1,959) and BMW (1,842) rounded out the top five, Cox said.

“Most brands posted month‑over‑month increases, with Cadillac, Rivian, Porsche and GMC as the key exceptions – though most of those declines were modest, underscoring the broad‑based strength of the used EV market in January,” wrote Cox Automotive director of industry insights Stephanie Valdez Streaty, who authored the analysis. “Audi displaced Nissan from the top five, surging 63.4% month over month — the strongest gain among the leading brands.”

She later added: “As the year progresses, the EV market is likely to remain uneven, with elevated new‑vehicle inventory and cautious consumer demand continuing to pressure volumes and pricing.

“Used EVs should remain a relative bright spot, supported by improving affordability and narrowing price gaps versus ICE+ vehicles,” Valdez Streaty added. “Near‑term momentum will hinge on disciplined production, more targeted incentive strategies, and the ability of more affordable EV models to sustain consumer interest without reigniting excess inventory.”

Used EVs will be center stage at the Used Car Industry Summit in April, which will include an EV Day featuring dealer-specific used EV insights. Najman of Recurrent and Valdez Streaty of Cox Automotive are both speakers at the event. The full agenda is available here: Agenda | Used Car Industry Summit 2026