Used EVs selling faster than petrol cars and hybrids, new study finds

A recent study says used electric vehicles are selling faster than petrol cars and hybrids, and are now priced higher than many of them. The findings were reported on 30 October and again on 2 November 2026.

The study found used EVs are leaving the market more quickly than gasoline or hybrid models, even though their asking prices are higher. One report described the shift as a reversal of earlier trends.

Used EV prices had been falling for some time. Buyers had seen electric cars lose value faster than conventional vehicles, which made them an attractive bargain. The newer findings suggest that pattern has changed, with used EVs now gaining value.

For buyers in India, the findings matter mainly as a signal about resale. Electric cars that were once considered risky for resale may now hold their value better than expected. Indian buyers considering a used EV should still check the battery health and warranty before buying, as these affect price and running costs.

The sources do not give the number of vehicles studied, the study's author, or the exact price gap between used EVs and comparable petrol cars. It is also not clear how far the findings apply outside the markets the study covered. The reports do not say whether the trend is expected to continue.