Edmunds reveals surprising used EV outlook for 2026
By Tobi Opeyemi Amure
Published on May 7, 2026.
Edmunds has revealed a surprising outlook for the electric vehicle market for 2026, with used EV sales dropping 28% in Q1 2026 due to the One Big Beautiful Bill Act taking effect. Used EV prices are now selling for an average of $34,653, just $1,102 above the $33,641 average for a used gasoline car. This has been attributed to a surge in used EV leasing activity, with the share of EVs among lease returns expected to jump to 8% in 2026 from just 2% in 2025. Sales volume is also increasing, with 44% of used EVs selling for under $25,000, up from 39% in December. The market is shifting towards more affordable cars.
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