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The used electric vehicle market just hit a historic milestone: EVs now cost nearly the same as gas cars. While new EV sales dropped 28% in early 2026, used electric vehicles are flying off dealer lots at prices just $1,300 more than gas-powered cars.
The price gap between electric and gas-powered cars just hit its smallest point in years. For the first time, going electric is becoming a realistic choice for everyday buyers.
Electric vehicles are now just $6,500 more expensive than gas cars on average, the smallest price gap ever recorded. February brought lower EV prices and bigger discounts, making electric cars more affordable than ever for American families.
The price gap between electric and gas-powered cars has shrunk to one of the smallest margins ever recorded. February saw EV prices drop while gas car prices climbed, making the switch to electric more affordable than ever.