Tesla Prices Up-Other Electric Vehicles Drop

In the wake of the end of the federal EV Tax Credit last fall, Tesla prices are climbing - while the rest of the EV market falls. This, according to data from iSeeCars. Its analysts say the end of the credit has forced a price drop for nearly all EVs except for Teslas, with prices for all four of its models rising.

Overall, Tesla used prices have increased 4.3% since September 30, 2025, while nearly every other used EV has fallen an average of 3.6%.  New EV prices (excluding Tesla) have dropped 2.3% overall, with the most dramatic drop on higher-volume, lower-cost models. In contrast, the average price of new internal combustion vehicles is up 2.5%.

Other iSeeCars findings:

• Because Teslas make up the majority of used EVs, the average price for a used EV has risen by 3.5%, while the average cost of a used internal combustion vehicle is down 2.0%.
• Used EV market share is down 20% since September, dropping dramatically since the EV credit ended.
• The average price of new internal combustion vehicles is up 2.5%.
• For both new and used EVs the pattern is clear: higher-volume, lower-cost non-Tesla models have been forced to drop prices to compensate for the loss of the EV credit.

iSeeCars says it analyzed the list prices of over 1.7 million 1- to 5-year-old used cars and over 4 million new cars sold in September 2025 and January 2026 to identify pricing trends since the EV credit ended last year (Tesla data for new cars is not publicly available, so it was not included in the new car analysis).

Average Price of Used Cars, Post EV-Credits: EVs vs. ICE Vehicles

When looking at the pricing trend of used EVs versus used internal combustion models since the EV credit ended, electric vehicle prices increased by 3.5% while gasoline car prices dropped by 2.0%. iSeeCars suggests the used EV market has gotten stronger, but a closer look at the numbers shows that it’s almost entirely Tesla driving the price increase.

According to iSeeCars data, used Teslas averaged $30,040 in September and $31,329 in January, for an increase of 4.3%. All other used EVs, excluding the premium, low-volume Porsche Taycan, averaged $24,629 in September and $23,738 in January, for a 3.6% drop.

*Excluding the Porsche Taycan.

There is a lot more information on EV prices versus gasoline engine vehicle pricing here.