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Used EV prices rise this year, defying used-car norms

Experts cited EV affordability issues and higher gas prices as key reasons used EV prices have gone up this year.

Reported · Written up by our desk · Sectors

CNBC Markets reports that used electric vehicle prices have risen this year in a pattern that differs from typical used-car pricing behavior, which is often driven by depreciation and supply.

The outlet says affordability and elevated gasoline prices have helped explain why many used EVs have not followed the usual “law of used cars,” according to experts it interviewed.

For buyers and sellers, the divergence suggests higher-than-expected pricing power in the used EV market compared with traditional expectations for resale values.

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