Used Electric Vehicle Prices Plummet 30% as Pandemic Price Bubble Bursts
- Prices of used vehicles dropping, but used EVs falling fastest - by 30.6% on average
- Pandemic led to price bubble, now deflating but burst for used EVs
- Used EV prices still higher than average used car prices
- High used EV prices in 2022 help explain their steep price drop
- Unclear if used vehicle prices have bottomed out as market recovers