Used EV sales in the US jump 28% amid rising gas prices and Iran war tensions.

Used electric vehicle (EV) sales in the US surged nearly 28% in March 2026, driven by rising gasoline prices linked to the US-Israel and Iran conflict. Over 44% of these sales were models priced below $25,000, making EVs more accessible to buyers seeking alternatives to expensive fuel. Despite a 6.1% year-over-year price drop to an average of $34,653, used EVs still cost slightly more than gasoline cars. Tesla models led the market, holding value better and outselling competitors like GM and Ford, reflecting strong consumer demand during this period of oil price volatility.