Article Archives - Page 5 of 10 - Drive Electric Long Island

Used Cars Are Lingering on Lots as Prices Climb, But EVs Are Moving Fast

November 10, 2025
Ivan Drury
Edmunds.com, Inc.

The Q3 2025 used-car market saw prices rise, with the average transaction price for 3-year-old vehicles climbing to about $31,067 and average days on dealer lots slowing to 41 — the longest pace since 2017. While overall turnover softened amid affordability pressures and ample inventory, EVs bucked the trend by selling faster than other powertrains, fueled by strong buyer interest and limited supply. The report highlights shifting buyer behavior as shoppers weigh higher used prices against new-car incentives.

EV Sales Down, but Not Out: U.S. Consumer Interest Continues to Grow, Led by Current EV Lessees Coming Back to Market

November 7, 2025
Joe LaMuraglia | Shane Smith
J.D. Power

Despite a sharp drop in EV sales following the repeal of the $7,500 federal tax credit, new J.D. Power data reveals that long-term EV demand remains strong. High loyalty among current EV owners, rising consumer consideration, and consistently lower ownership costs suggest the EV market is adjusting—not collapsing—in the post-incentive era.

The Road Ahead for Electric Vehicles

October 23, 2025
Ingrid Malmgren
Plug In America

The end of federal EV tax credits has sparked uncertainty, but the long-term outlook for electric vehicles remains strong. From expanding charging infrastructure and a booming used EV market to falling battery costs and high driver satisfaction, multiple forces point to a future where EVs continue to grow—driven by performance, affordability, and consumer confidence rather than incentives alone.