Source: Inside EVs, 1/30/26
'Used EVs are now the cheapest cars to own over a 10-year vehicle life period, according to a new study from the University of Michigan published in Environmental Research Letters. In short, a three-year-old electric mid-size SUV can offer an average lifetime savings of $13,000 compared to a new gas-powered mid-size SUV. Meanwhile, a used gas SUV from the same category can deliver a lifetime savings of just $3,000, according to the study’s authors.'