It all meant that used cars were suddenly worth their weight in gold. I remember stories of lightly used cars going for more than the MSRP of a new model. Used EVs are all of a sudden getting more expensive, rather than following the predictable value decline of depreciation. Used EV sales are positively through the roof, hitting new records while the new EV market struggles to bounce back. 2023 Chevrolet Bolt EVPart of the reason we’re seeing used EV prices and demand increase probably has to do with the end of the new EV tax credit.