2026: A Promising Year for Used Electric Vehicles

Daily Car

02/01/2026

Overview of the Used EV Market

The used electric vehicle (EV) market is expected to be highly active in 2026, offering buyers a variety of options at different price points. Many modern EVs depreciate more rapidly than their gas-powered counterparts, making them accessible to a wider audience. EVs with approximately 25,000 miles on the odometer are commonly available at 50% below their original price. This trend stems from enduring concerns about battery longevity, even though major failures are statistically rare.

Key Vehicle Options and Technical Highlights

Chevrolet Blazer EV (2024-2025): This midsize SUV is known for its ground clearance and cargo capacity. The 2024 models, which now trade for about $25,000, include features like leatherette seats, heated functions, adaptive cruise control, and lane-keeping. Entry-level 2025 models also add video streaming and app support. All variants offer at least 279 miles of range, accommodating four adults comfortably.
Cadillac Lyriq (2024-2025): Positioned as a luxury midsize SUV, the Lyriq features a rear-biased all-wheel-drive system with 515 horsepower and over 300 miles of range. Used units can be found for $35,000, with improved charging speeds compared to the Blazer. The 2024–2025 models support Apple CarPlay and Android Auto.
Mercedes EQE SUV (2023-2025): Previously priced high, the EQE now represents a bargain, with prices under $35,000. It delivers excellent driving dynamics, offers dual-motor all-wheel-drive, swift charging, and nearly 300 miles of range. Some models come equipped with air suspension and premium entertainment features.
BMW iX (2022-2025): The iX offers a unique design, spacious cabin, and consistent 300-mile driving range. Equipped with an air suspension and over 8 inches of ground clearance, it provides versatility for both highway and light off-road driving. Recent models have depreciated to under $38,000 despite high original prices.
Hyundai Ioniq 5 AWD (2022-2025): Known for its practicality and affordability, early used AWD examples are now around $20,000. The Ioniq 5 boasts strong charging capability, substantial space, and reliable range, making it a good entry point for EV ownership.
Tesla Model Y: Available for approximately $25,000, the Model Y provides strong range, fast charging, and spacious interiors. The all-wheel-drive and performance models cater to different needs. The reliability of Tesla's charging network is a significant selling point, and interior space competes well with rivals.

Market Comparison and Trends

Comparing these models, the used EV segment sees luxury brands like Cadillac, Mercedes, and BMW facing steep depreciation, creating favorable conditions for buyers seeking premium features at mainstream prices. Practicality, comfort, range, and charging performance are key differentiation factors. The influx of off-lease EVs in 2026 will further boost used vehicle supply and encourage price competition.

Technical Considerations Explained

Range: Indicates how many miles a car can travel on a single charge. Most mainstream used EVs discussed offer 270–300 miles, enough for daily commutes and road trips.
Charging Speed: Measured in kilowatts (kW), this outlines how fast an EV’s battery can recharge. Models with 190 kW or higher perform well at public fast chargers.
All-Wheel Drive (AWD): Improves grip and acceleration by using electric motors on both axles, useful for a variety of road conditions.
Depreciation: Describes how the car’s value drops over time. EVs currently exhibit higher depreciation rates than comparable internal combustion vehicles.

Conclusion

The 2026 used EV market will offer significant value due to high depreciation, strong technical reliability, and a growing selection of models. Shoppers can choose according to their preferences for luxury, utility, or budget, with mainstream and premium options providing competitive performance and features.

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