Suddenly, Everyone Wants To Buy My EV – Used Tesla, Rivian (And Bolt EV) Demand Surges

LifestyleCars & BikesSuddenly, Everyone Wants To Buy My EV – Used Tesla, Rivian (And Bolt EV) Demand SurgesByBrooke Crothers,Contributor.Forbes contributors publish independent expert analyses and insights. Brooke Crothers covers and reviews electric vehicles and autonomy.Follow AuthorJun 06, 2026, 11:38am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Teslas for sale at a CarMax dealership. (Photo by Kevin Carter/Getty Images)Getty ImagesUsed electric vehicles are hot. Demand is up. My Bolt EV is a great example. Only six months ago it was all doom and gloom for EVs after the Trump Administration ended the $7,500 tax credit in September and gas prices eased. But everything changed in February when gas prices spiked in the wake of U.S.-Iran hostilities. “When gas prices started climbing in March, we saw used EV listing views on our platform increase by 49% between the beginning of March and mid-May,” said Kevin Roberts, Director of Economic and Market Intelligence for CarGurus, an automotive research and shopping website.Cox Automotive is seeing similar trends. Used EV sales in the U.S. reached 42,080 units in April, up 16.7% year over year and 3% month over month in April, Cox Automotive said on its website. “Tesla again led with 16,174 units sold through non-Tesla dealers, followed by Hyundai, Chevrolet, Ford and BMW,” Cox said. Hottest Used EVsSome of the models seeing the biggest price increases between January 31 and May 31 include, according to CarGurus: Tesla Model X - +$10,239Rivian R1S - +$5,823Rivian R1T - +$5,246Ford Mustang Mach-E - +$5,015Tesla Model S - +$4,647Bolt EV - +$2,755**I added the Bolt EV to the other numbers provided by CarGurus’ Kevin Roberts. The Tesla Model S and Model X were discontinued, giving a boost to used sales. “With gas prices staying high, that interest is translating to sales. Our May vehicle demand data shows used EV sales are up 29% year over year,...