Mikkel Christensen
Rising fuel prices are pushing more Americans toward used electric and hybrid vehicles, and some models are disappearing from dealer lots faster than expected.
Rising fuel prices are pushing more Americans toward used electric and hybrid vehicles, and some models are disappearing from dealer lots faster than expected.
A new report suggests buyers searching for cheaper alternatives to gas-powered cars may need to move quickly.
EV demand jumps
According to InsideEVs, citing iSeeCars data, electric vehicles and hybrids were among the fastest-selling used vehicles in the US during March.
The Tesla Model X topped the rankings, spending an average of just 25.6 days on dealer lots.
The Lucid Air, Tesla Cybertruck and Tesla Model Y also ranked among the quickest-selling used vehicles.
Hybrid surge
Hybrids are also seeing a major rise in demand.
Models such as the Lexus RX 350h and Honda Civic Hybrid sold rapidly as drivers looked for ways to cut fuel costs without fully switching to electric vehicles.
“Hybrids are selling faster, retaining more value, and growing their market share faster than electric vehicles,” iSeeCars analyst Karl Brauer said.
Fuel prices driving buyers
The shift comes as average US gas prices climbed above $4.40 per gallon, according to AAA.
Cars.com said more than half of surveyed shoppers were considering EVs or plug-in hybrids because of rising fuel costs.
Used EVs were also reportedly selling around 18 days faster than they were during the same period last year.
Why buyers want used EVs
The secondhand EV sector has grown as leased vehicles from earlier tax-credit programs return to dealerships.
That has expanded supply and lowered prices for many electric models.
Research also suggests most used EV batteries remain in good condition for years, helping boost buyer confidence despite concerns around depreciation and charging infrastructure.
Bigger picture
The US market for new electric vehicles has slowed amid changing incentives and policy uncertainty.
But Cox Automotive said used EV sales rose nearly 28% year-over-year in March, reaching a record 43,000 units.
Lower prices are making secondhand EVs more attractive for buyers feeling pressure from fuel and living costs.
What comes next
Hybrids may ultimately be gaining the strongest momentum because they offer better fuel economy without relying entirely on public charging networks.
Automakers including Toyota and Nissan are expanding hybrid production as demand continues growing.
The trend suggests many consumers still see hybrids as the safer middle ground, even as interest in used EVs accelerates.
Sources: InsideEVs, iSeeCars, AAA, Cars.com, Cox Automotive
