Used EV Market Boom & Battery Confidence
Key Questions
How much have used EV sales grown recently?
Used EV sales surged 20% year-over-year, reaching 400k units in 2025. This growth reflects a structural shift toward the used channel as consumer interest increases.
Are used EVs becoming more affordable due to depreciation?
Used EVs are depreciating 58-60%, positioning them as bargains for buyers. This level of depreciation is helping drive demand in the market.
Do 2023 EVs still meet their original range estimates after a few years?
Recurrent data shows that 68% of 2023 EVs continue to exceed their EPA range estimates after three years. This performance is helping reduce concerns about long-term battery capability.
How reliable are EV batteries in post-2022 models?
Battery failure rates for post-2022 models remain very low at 0.3%. This reliability data is contributing to fading consumer anxiety over degradation.
What is causing the shift toward buying used EVs?
Declining battery degradation concerns, strong real-world range retention, and attractive depreciation levels are driving the move to used EVs. Sales growth and improving confidence support this trend.
Used EV sales surged 20% YoY to 400k units in 2025, with 58-60% depreciation making them bargains. Recurrent data shows 68% of 2023 EVs still beat EPA range after 3 years, and battery failure rates remain at 0.3% for post-2022 models. Consumer anxiety over battery degradation is fading, driving structural shift to used channel.