Used EV prices jump 12% in June 2025 as Iran war and high gas prices boost demand

The Manheim Used Vehicle Value Index for electric vehicles rose 12% compared to June 2025, driven by the US-Iran conflict and high gasoline prices pushing buyers toward EVs. The surge in used EV prices reflects growing demand for alternatives to costly conventional fuel. The price increase makes it harder for budget-conscious buyers to access affordable second-hand electric vehicles.