by Electric Vehicle Sales in May 2025
In May 2025, a decline in sales of new electric vehicles was observed in the USA, although there was a slight increase compared to April. Overall, the annual drop amounted to 10.7%. This led to an increase in incentives for buyers — the average price of a new electric car fell by 2.3%, to $57,734, and discounts increased to $8,226, which is about 14.2% of the average cost.
Some models, such as the Kia EV6, Nissan Ariya, and Acura ZDX, can be purchased for less than $40,000 thanks to discounts. However, the situation in the used electric vehicle market is the opposite — their prices increased by 2.6% compared to last year, and sales grew by 32.1%. The most popular used model remains the Tesla Model 3, which costs an average of $23,160.
Supply Shortage in the Used Car Market
The inventory of used electric vehicles has decreased to 40 days, which is 11% less than a year ago. This is the lowest figure since June 2022.
“For many consumers, price remains the main obstacle to switching to electric vehicles,” experts note.
New electric cars, on the contrary, have a larger inventory — 97 days, which is 11.6% less than in May 2024. The current situation creates favorable conditions for buyers, but discounts and tax benefits may soon disappear, which could change the market balance.
The dynamics of prices and demand for electric vehicles indicate that the market is in a state of instability. On the one hand, the availability of new models is increasing; on the other hand, used cars are becoming more scarce. This could affect the further development of infrastructure and investments in production, especially considering possible changes in government support for electric vehicles.
