Used EV Demand Surges as Popular Electric SUVs Drop Below $25,000

Steep depreciation on early electric crossovers has sparked a surge in secondhand demand among bargain hunters. Popular models like the Hyundai Ioniq 5 and Ford Mustang Mach-E are now routinely trading below the $25,000 threshold with low mileage. This influx of affordable pre-owned inventory is lowering the financial barrier of entry for mainstream drivers.