Used electric vehicles surge in market, driving prices down and increasing competitiveness with gas cars
Updated
Updated · KGW.com · Apr 23
Used electric vehicles surge in market, driving prices down and increasing competitiveness with gas cars
11 articles · Updated · KGW.com · Apr 23
Oregon now has over 135,000 registered EVs and Washington about 280,000, with used EV supply rising and prices dropping sharply.
State officials highlight that cost parity with gas cars is near, and Washington has invested over $100 million in charging infrastructure, installing about half of 5,000 planned charging plugs.
Challenges remain for renters and rural drivers due to charging access and reliability, but officials expect expanded infrastructure and lower-cost used EVs to accelerate adoption, especially as gas prices exceed $5 per gallon.
With used EV prices now rivaling gas cars, is the power grid ready for the coming demand?
Is the boom in cheap used electric vehicles a sustainable trend or a temporary market bubble?
How will states ensure the thousands of new chargers are actually reliable and accessible for renters?
Will massive grid upgrades be finished before a surge in EVs causes predicted rolling blackouts?
Can new data on battery longevity finally overcome the biggest fear for used car buyers?
As automakers pivot to hybrids, could they become the real threat to gasoline cars?