
Electric Cars Now Cost Just $4,700 More Than Gas Models
The price gap between electric and gas-powered cars just hit its smallest point ever. EVs are getting cheaper while traditional car prices keep climbing.
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The price gap between electric and gas-powered cars just hit its smallest point ever. EVs are getting cheaper while traditional car prices keep climbing.

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 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.