Electric vehicle pricing trends have shifted sharply following the expiration of the federal EV tax credit last fall, with Tesla models bucking the broader market decline, according to new analysis from iSeeCars.
The study finds that while most electric vehicles have seen price drops in both the new and used markets, Tesla prices have climbed over the same period.
Used EV Market: Tesla Drives the Increase
Since September 30, 2025, used Tesla prices have increased by 4.3%, according to iSeeCars. In contrast, nearly every other used EV has declined in value, falling an average of 3.6%.
Because Tesla vehicles account for the majority of used EV listings, the overall average price of used EVs has risen 3.5%. However, analysts note that this increase is largely driven by Tesla’s pricing strength rather than a broader recovery in the segment.
By comparison, the average price of used internal combustion engine (ICE) vehicles has dropped 2.0% over the same period.
New Vehicle Pricing Trends
In the new car market, prices for non-Tesla EVs have declined 2.3% overall, with the most significant reductions seen in higher-volume, lower-cost models. Automakers appear to be adjusting pricing strategies to offset the loss of the federal tax incentive.
Meanwhile, the average price of new ICE vehicles has increased 2.5%, underscoring a widening pricing gap between traditional gasoline vehicles and most electric alternatives.
Tesla’s new vehicle pricing was not included in the new car analysis, as its transaction data is not publicly available.
Market Share Impact
iSeeCars also reports that used EV market share has fallen 20% since September, with the steepest decline occurring after the federal EV credit expired.
The data suggests that while Tesla has managed to raise prices despite the policy change, other automakers have been forced to cut prices — particularly in the more affordable, high-volume EV segments — to remain competitive without federal incentives.
Study Methodology
The findings are based on an analysis of:
- Over 1.7 million one- to five-year-old used vehicles
- More than 4 million new vehicles sold in September 2025 and January 2026
According to iSeeCars, the pricing pattern is clear: the end of the federal EV tax credit has pressured most of the electric vehicle market, while Tesla has defied the broader downward trend.
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