The price of used electric vehicles has come down to levels comparable with gasoline cars, a dynamic poised to boost their popularity despite the loss of a federal tax incentive for EVs , according to auto analysts.
In August, the price premium for used EVs relative to used vehicles with a gasoline engine narrowed to just $897, on average, the smallest price gap on record, according to Cox Automotive.
The average list price for used EVs was $34,704 in August, down 1.1% from July and 2.6% from a year earlier, it found.
This price tag excludes a federal tax credit that ended after Sept. 30, after Republicans scrapped it as part of a multitrillion-dollar legislative package in July. That tax break was worth up to $4,000 for used EVs (and $7,500 for new EVs) — meaning the average used E