The Used EV Discount Is Gone: 1-to-5-Year-Old EVs Now Cost More Than Gas Cars

A used electric car that is one to five years old now costs more, on average, than a gas car of the same age. In September, the average asking price for those EVs reached $32,533, or $579 above comparable gas models, according to a new iSeeCars analysis of more than 1.5 million used vehicles. A year earlier, the average used EV cost $2,227 less than a gas car.

Prices tell the story: used EV prices rose 9.8% year over year, or $2,896. Hybrids gained 4.9% to $34,476 and remain the most expensive group. Gas cars barely moved, up just 0.3%, or $90, to $31,954. Cox Automotive, using a different method, put the used EV premium even higher, at $2,137.

Used EVs are also selling faster than gas cars. They spent an average of 41.9 days on the market in September, 10.1% less than a year ago, while gas cars took 54.8 days, up 19.9%. In September 2025 gas cars sold slightly faster; now EVs move almost two weeks sooner. The average for all used vehicles was 53.4 days.

The flip is not a one-month blip: in iSeeCars\u2019 monthly series, the average used EV has listed above the average gas car every month since June, after EV prices fell year over year from January through March. iSeeCars ties the move to seven months of high fuel prices and to the EV market\u2019s recovery from the loss of federal incentives a year ago. As analyst Karl Brauer put it: \u201ceven high fuel prices can\u2019t save an unpopular electric car\u201d \u2014 but the popular ones are now worth more used than their gas equivalents.