Used electric vehicles are gaining momentum in the American used car market, and buyers are apparently willing to pay more for them. A new study from iSeeCars reveals that used EV prices have climbed nearly 10% over the past year, while gasoline-powered vehicles have barely moved.
The research analyzed more than 1.5 million used vehicles between one and five years old, comparing prices and selling times in September 2025 and September 2026. The results suggest a substantial change in consumer interest toward electric vehicles.
Perhaps the biggest surprise is that used EVs are now selling almost two weeks faster than their gasoline counterparts. That’s a remarkable turnaround from a year ago, when gas-powered vehicles were moving off dealership lots slightly quicker.
According to iSeeCars, the high fuel prices are likely contributing to the trend. However, the findings also show that not every electric vehicle is benefiting equally from the renewed demand.
Used EV Prices Have Jumped Nearly 10%
The average asking price of a used EV reached $32,533 in September 2026, an increase of $2,896, or 9.8%, compared with the previous year. Used gasoline vehicles, meanwhile, rose just 0.3% to $31,954.
That means used EVs now cost an average of $579 more than gasoline-powered vehicles. A year earlier, they averaged $2,227 less.
Hybrids also experienced rising prices, climbing 4.9% to an average of $34,476. Despite that increase, electric vehicles recorded the strongest price growth of the three powertrain categories.
Electric Cars Are Selling Almost Two Weeks Faster
Used EVs spent an average of 41.9 days on the market in September, down from 46.6 days a year earlier. Gasoline vehicles moved in the opposite direction, with average selling times increasing from 45.7 to 54.8 days.
Consequently, used EVs are now selling 12.9 days faster than gas-powered vehicles. Hybrids fall between the two, averaging 48.6 days before finding buyers.
The Audi Q4 Sportback e-tron was the fastest-selling EV, averaging just 29.8 days. Other quick sellers included the Toyota bZ4X, Lexus RZ 300e, and Honda Prologue.
Tesla Prices Are Climbing, But Not Every EV Is Popular
Several Tesla models recorded major year-over-year price increases. The Model S jumped 22.5%, while the Model X rose 18% and the Model 3 gained 15.4%.
However, some larger electric vehicles are struggling to attract buyers. The Cadillac Escalade iQ averaged 128.7 days on the market, followed by the GMC Sierra EV at 93.2 days and Chevrolet Silverado EV at 89.1 days.
The findings suggest used EV demand is strengthening, although individual models still perform very differently. For car buyers hoping to score a cheap secondhand electric car, the market may not be quite as favorable as it was a year ago.