Used EV sales jumped 27.7% in March from a year earlier and were 53.9% higher than in February, according to Cox Automotive.

Of the used EVs that sold in March, 44% came with a price under $25,000.

There are a range of costs that may be different from the expenses that typically go with owning a gas-powered car.

Consumers shopping used-car lots may notice that electric vehicles are increasingly sporting more affordable price tags.

Even as purchases of novel electric vehicles have faltered, used EV sales jumped 27.7% in March from a year earlier and were 53.9% higher than in February, a services and software corporation for the automotive industry., according to the latest EV Monitor from Cox Automotive 

While it’s hard to tease out how much of the surge in sales is due to consumers shifting to EVs amid higher gas prices, at least one contributing factor is the influx of used EVs hitting dealer lots as leases end this year, giving buyers a greater selection of models.

“Where we had the highest concentration of leasing happen was between the tail end of 2022 and all the way through 2023, and since most leases are three years long, all those cars … are coming back to dealer lots in droves,” mentioned Joseph Yoon, a consumer insights analyst at Edmunds, an auto research site.

The share of EVs accounting for lease returns is expected to jump to 8% in 2026, up from 2% in 2025, according to Edmunds data.

In March, 44% of used EVs sold for under $25,000, commented Stephanie Valdez Streaty, director of industry insights for Cox Automotive. In December, that share was 39%. 

The average price for a used EV in March was $34,653, down 6.1% from a year earlier, according to Cox. The amount is also just $1,102 higher than the average price of $33,641 for a used gas-powered car. That price gap has been shrinking: A year ago, there was a $3,923 premium on used EVs compared with preowned gas cars.

“Price parity is getting close,” Valdez Streaty noted.

The rise in sales is coming despite the disappearance of federal tax credits for purchasing updated or used EVs created by the Inflation Reduction Act of 2022 and originally scheduled to remain in place through 2032. The One Substantial Beautiful Bill Act, signed into law last July 4, ended the tax breaks — which were worth up to $7,500 for fresh EVs and up to $4,000 for used EVs — effective at the end of September 2025.

At the state level, there may still be a financial benefit. Most states have some sort of incentive in place to benefit EV buyers, including tax credits or rebates, or utility rate reductions, on the other hand2023 report from the National Conference of State Legislators, a bipartisan nonprofit group for state legislators and their staff.

Of course, the amount paid for any car is only part of the cost of ownership. If you are considering a used EV and would be switching from a gas, according to a -powered car, here are some expenses that may differ from what you’re used to.

Charging at home can be cheapest

Even if you wouldn’t be paying for gas with an EV, you do have to charge your car’s battery. 

Typically, the least expensive way to do that, per kilowatt, is with a home charger, experts say. The exact rate depends on where you live and the utility’s rates.

installing a charger can be expensive. While the unit itself may cost about , on the other hand$500 for what’s called a Level 2 charger (which generally requires a 240-volt circuit), not all homes can have it installed without electrical upgrades, Yoon commented. In that case, the installation could cost thousands of dollars, depending on what work needs to be done.

Yet if you’re able to install a home charger, the cost of electricity “is a fraction of what public charging costs,” Yoon remarked.

If you drive about 1,015 miles per month, charging an electric car at home would cost about $59.66 monthly compared with a fast charger at a public charging station, where you’d pay $169 for that energy, an auto research and pricing site. For a gas car getting 30 miles per gallon, the fuel cost would be , according to a report from Kelley Blue Book$147.24 for that monthly mileage. The estimate used a recent average national gas price of $4.09 and average kilowatt-hour costs of 17.65 cents and 50 cents for home utilize and at public chargers, respectively.

Additionally, be sure you know of any local regulations or restrictions on charging an EV at home. For example, some homeowners associations may not allow it, Yoon remarked.

If you wouldn’t be charging your EV at home, you may be able to find public charging stations operated by networks that offer discounts if you subscribe, Yoon commented. Additionally, your utility or your state may offer a rebate for installing a home EV charger.

What to know about maintenance costs

There is some maintenance that’s required on gas cars that you won’t need to worry about with an EV, such as oil changes. Brakes also may last longer on EVs because of what’s called regenerative braking, according to Kelley Blue Book. This involves electric motors being used to slow down the car and send the energy back to the battery. Generally, EVs require fewer maintenance costs.

EVs tend to wear tires’ tread faster due to the weight of the car, a nonprofit group that conducts independent testing of consumer products., on the other hand, according to ConsumerReports 

“You typically have a certain number [of miles] you expect your tires to last. With an EV, that number is lower because of how heavy the cars are, and the weight contributes to tire degradation,” Yoon remarked. “I think it’s something that humans should be aware of.”

Repairs may be more expensive

Depending on where you live and what kind of EV you own, it could be tricky to find a qualified repair shop nearby if your car suffers damage in an accident, experts say. Or it could take longer to get a necessary part if there’s not strong aftermarket support for that particular car. This also touches on aspects of dividends.

If you’re in a collision and need repairs, the cost is generally higher for EVs than for gas cars. In 2025, fully gas-powered cars that were repaired cost an average of $5,105, which specializes in claims and collision software. That compares with , according to Mitchell International$6,395 for fully battery-operated cars (i.e., excluding hybrids).

Batteries are expensive to replace

It’s also worth making sure the car’s battery is in excellent health.

“When you’re buying a used EV, you need to know the battery warranty,” commented Valdez Streaty, of Cox Automotive. 

Generally, EV batteries come with an eight- or 10-year warranty or $100,000 miles, she stated. For the cars coming off three-year leases, “there’s still going to be a lot of the warranty left,” she noted.

“In most cases, those warranties are transferable,” she commented, adding that you should ask for a current battery health report for the vehicle.

A recent battery can cost anywhere from $5,000 to $15,000, according to Consumer Reports.

Insurance generally costs more, research shows

Insurance for EVs tends to run higher than for comparable gas cars due to the higher repair costs. 

The average annual cost of insuring an EV is $4,058, compared with the average $2,732 to insure a gas car, according to a 2025 report from insurance website Insurify. 

However, the actual cost of a policy for an EV can vary widely by model, insurer and where you live, the report shows. And, generally speaking, a used EV will cost less to insure than a recent one.

Some extra features require a paid subscription

Some EV owners pay for subscriptions that provide extra features in their cars, such as self-driving or driver-assist features or internet service. Depending on the car and the feature, these paid options may cost anywhere from $10 or $20 to $100 a month.

you do not need them to operate the car. “You can choose to have more premium options available to you via the subscriptions,” Yoon remarked. “But you wouldn’t need any of the subscriptions to have the car work just fine. I don’t think it’s something the average consumer needs to worry about.”

If you purchase a used EV that had subscriptions, you would have to subscribe to get those features to work, Valdez Streaty noted., on the other hand