Used Car Prices Fall for First Time This Year as Gas Prices Spike, EV Interest Rises

Used car prices fall for first time this year as gas prices spike, EV interest rises

Cox Automotive reports affordability remains a key concern for buyers, which is driving increased demand for older vehicles as well as all-electric vehicles.

New York Times: ‘New EVs still can’t beat new gas cars on sticker price & range’

https://www.nytimes.com/2026/04/27/upshot/cheap-electric-cars-gas-prices.html?smid=tw-share By Francesca Paris Excerpt: It’s a weird moment for electric vehicles in the United States. Sales have fallen since the Trump administration ended the $7,500 tax credit, and car manufacturers are canceling models. And while it’s likely that the recent surge in gas prices will push more people to E.V.s, it probably won’t happen […]

Used EV sales spike amid high gas prices – WSOC TV

CHARLOTTE — With gas prices continuing to climb across the country, interest in electric vehicles is on the rise, especially in the used market, where the price difference between EVs and gas-powered cars is narrowing. That’s where Braxton Winston, a former Charlotte city council member and now president of the local AFL-CIO chapter, found his [...]

Covington looks to add more EVs to fleet amid high gas prices

The City of Covington is looking to build out the number of EVs in its fleet. Leaders will vote to purchase 10 new EVs for various city departments, specifically the police, fire and public works departments, next week. Although the proposals were incidental to rises in gas prices, for Covington Mayor Ron Washington and some of the city commissioners, the move was timely. “It’s a good thing that we’re purchasing these EVs, looking at the price o…