Electric vehicle prices are plummeting across the United States [Video]

LOUISVILLE, Ky. — Used electric vehicle prices are plummeting across the United States, and Louisville is no exception.

A new study from iSeeCars analyzed 2.2 million used cars from May 2023 to May 2024 to track pricing trends. The Tesla Model 3 had the fourth-highest price drop among all vehicles, with the average sale price falling nearly $6,000 in that span.

Here are the top five year-over-year price drops in Louisville for all used cars:

1. Ford Expedition (17.9% drop to $42,975).

2. Volkswagen Atlas (17.5% drop to $29,022).

3. Honda Civic (17.5% drop to $5,966).

4. Tesla Model 3 (15.9% drop to $31,551).

5. Jeep Grand Cherokee (15.8% drop to $30,699).

Overall, used cars dropped in price in Louisville by 4% to an average sale price of $30,454.

“Used car prices have been relatively stable over the past year, but electric vehicles …