Non-Tesla Used EVs Drop In Price By About $1,000

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Since Republicans in Congress and Donald Trump decided to kill all federal consumer EV subsidies, including the $4,000 tax credit for buying a used EV, there have been questions about the result on sales and the results on pricing. In the case of used EVs, would prices come down? Would they come down by $4,000? Or would losing the subsidy really hurt? Well, the results are sort of complicated.

iSeeCars has conducted an extensive review of the used vehicle market, looking at the list prices of 1.7 million vehicles 1 to 5 years old in age as well as 4 million new cars. The time periods they used were September 2025 and January 2026.

Non-Tesla used EV prices have come down by about 3.6% on average, from $24,629 to $23,738. (Meanwhile, also note that used gas car prices dropped by 2% in the same timeframe.)

However, in the case of Tesla, which accounts for more than half of the market, list prices rose by 4.3%, going from $30,040 to $31,329.

There are many potential explanations for both of these trends. I’m not going to delve into them all, but just considering that eliminated $4,000 subsidy, one can assume that it was really helpful for selling more used EVs.

Interestingly, used Tesla Model S and Model X prices jacked up a lot. Tesla has now announced that two models will be discontinued soon. Used Model S prices rose 8.5%, from $47,226 to $51,249. Used Model X prices outdid that, rising 10.3% from $51,973 to $57,306.

The Model Y and Model 3 rose much more modestly — 1.3% from $29,603 to $29,989 and 2.6% from 25,061 to $25,701, respectively.

The only non-Tesla to see its average used EV price rise was the Porsche Taycan, going from $74,465 to $77,552, +4.1% in the time period. (Yeah, not a cheap car.)

The Hyundai Kona Electric had the biggest drop in its average list price, declining 6.4% from $21,020 to $19,678, while the Volkswagen ID.4 had the second biggest drop, dropping 6.2% from $23,307 to $21,860.

Here’s a table including data from a few more models:

EV Share of Used Vehicle Market

iSeeCars also pulled together some interesting data on EV share of the used vehicle market. EV share dropped from 3.5% in September 2025 to 2.8% in January 2026, a 20% drop.

However, EV share had risen to 2.1% in January of last year, 2025, up 19.5% from 1.8% in September 2024.

So, naturally, more people were buying used EVs just before the $4,000 tax credit was ended, but the market is still up compared to a year ago and up even more compared to 2024.