Used Electric Vehicle Prices Plummet
Written By: Carpro | Mar 17, 2025 4:09:23 PM
iSeeCars is sharing its latest data into the used car market. Researchers say it's largely stabilized, dropping less than 6% over the past year, for gas and hybrid models. However, when it comes to used electric vehicle (EVs), it's a different story. Used EV prices - led by Tesla - have plunged 15%- 20% each month over the last six months. The number crunchers at iSeeCars say this puts the average 1- to 5-year-old used EV price at $32,198, or $917 above the price of the average gasoline vehicle at $31,281.
iSeeCars says it's latest study analyzed over 1.9 million used cars sold in February 2024 and February 2025 to identify used car pricing trends.
ww.carpro.com/blog/used-electric-vehicle-prices-plummet-1
15%+ month after month, what a disaster for those poor people who bought into the "Dream". And that's what it was of course, a dream, a fiction, that somehow we'd transition all our cars over to running on electricity. The simple fact is there isn't enough oil left on the planet to do it. But there are some strange twists to this story, like the fact that everyone believed there would be amazing "New Technologies" that would increase range and perhaps even allow you to run your heater in Winter? Of course lower prices too... So what would that mean for the resale value of your $80,000 2022 Tesla? I would mean it was worthless of course. Yet those that bought into the Dream never connected these dots?
Dreamers still believe the EV has a viable place in our future even though car manufacturers all over the planet are winding back on R&D, scaling back production, and in some cases, pulling the pin all together. Of course this isn't the first time an electric transition was promoted, you'd have to go back 100 years and more for that.
They were always rejected by the public, and for the same reasons, the same as today. Expensive, poor range, long charge times, inefficient. Yes, inefficient! Even if you charge them off your rooftop solar that solar was made with coal and oil and will be trash in a couple of decades. Anyway you cut it the conversion of raw fuels into electricity into battery storage and then back into mechanical energy is inefficient. And of course the elephant in the room is battery degradation. Oh yes there are lots of "stories" out there about how the batteries are good for 10+ years, but in the real world things are a little different.
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Here is a selection of the 18650 batteries I use at home, I use them in many many devices and have dedicated packs on the bicycles to power the headlights. These are the Same batteries they use in a Tesla BTW, the same ones used in probably all EV. They just pack in tens of thousands of them, at great expense. The Lime colored ones at the top are the Panasonics, made in Japan, Very expensive. The others are all Chinese no doubt, some pulled out of new laptop packs, some brand-name ones. The Chinese ones have the worst lifespans, I've thrown many away in my day, the Japanese ones are better but I doubt they'll last 10 years still holding a decent charge.
The secret to longevity is to store then at 40% charge, that's the accepted value now. And when I stay store I mean from week to week usage, or longer. Take them back to 100% after each use and watch your lifespan melt like snow in spring. I ride my pushbike every 3~5 days and only charge them the day before I want to use them, like 12 hours before typically.
The hybrid car is a sick joke too, people don't realize that the hill climbing and overtaking power comes from the boost the electric motors provide, without them you're driving a 1965 combi van. They will realize this one day, when their battery dies. Hopefully it won't be while they are overtaking a large truck. They could have put a powerful gas engine in them, but they didn't, the cheaped out like with everything else today.
I'm happy with my 18650's, they do the job much better than the old NiCad packs of yesteryear. Much more powerful and longer lasting, perfect for torches and light power tools, bicycle lights and R/C cars and planes. Scooters even, and electric bicycles. But that about their useful upper limit. Go beyond that and you're just wasting your money, creating problems for yourself.