An influx of used vehicles over the next three years could significantly reduce prices for electric cars, which has been a key barrier to the market due to their high cost. In 2025, just 123,000 leases on EV vehicles are expected to expire, with this expected to double to 300,000 in 2026, and double to 600,000 more in 2027 and 660,000 by 2028. This could make the availability of used cars more accessible. While new electric cars tend to be more expensive than their gas-powered counterparts, prices on the used market are about the same on the sold-out market as new ones. The average price of a new vehicle is $46,992, and $27,113 for used.