Used EV Surge Could Crack Open Mass-Market Adoption of Electric Vehicles

A wave of used electric vehicles entering the market over the next three years could slash prices in half, finally breaking through the affordability barrier that has limited EV adoption to wealthy buyers. With used cars representing over 75% of US auto sales, this influx would make electric vehicles price-competitive with gas-powered secondhand options for the first time. However, the opportunity may be brief, as new EV sales are already declining due to market saturation.