According to a recent LinkedIn post from Plug, used electric vehicles are approaching price parity with used internal combustion cars, with the price gap reportedly narrowing from about $10,000 to roughly $1,300. The post also notes that days on market for used EVs and gas vehicles are now almost identical, implying improving liquidity for used EV inventory.
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The LinkedIn post further cites structural market factors, including a shortage of used gas cars linked to COVID-era production disruptions and an expected surge of EV lease returns. These dynamics are presented as driving cheaper used EV prices, faster dealer adoption, and quicker turnover, which could support broader EV penetration and potentially benefit players across the EV and charging ecosystems.
For investors tracking Plug, the discussion underscores a maturing secondary market that may lower total cost of ownership barriers and support higher utilization of EV infrastructure. While the post is conversational and not a formal forecast, it points to demand-side and resale-market trends that could influence long-term adoption curves and, by extension, revenue visibility for companies exposed to EV growth.