Used EVs - U.S. Market for Used Battery Electric, Hybrid, and Plug-In Hybrid Light-Duty Vehicles: Analysis and Forecasts, 2025-2034

The U.S. market for used EVs is undergoing a significant transformation, driven by advances in technology, evolving policy incentives, and shifting consumer preferences. As new EV adoption accelerates, a growing inventory of used battery EVs (BEVs), hybrid EVs (HEVs), and plug-in hybrid EVs (PHEVs) is entering the market, creating new opportunities and challenges. Understanding the dynamics of this emerging market is essential for stakeholders seeking to navigate the automotive landscape.

Guidehouse Research approaches this topic with a comprehensive analysis of the factors influencing the used EV market, including affordability, policy incentives, total cost of ownership, and the increasing availability of used models. The report covers the period from 2025 to 2034, with a focus on the U.S. market and segmentation by vehicle powertrain. Methodologies include primary research through interviews with industry experts, secondary research from market reports and government data, and quantitative analysis using forecasting models. The study also addresses key barriers such as policy uncertainty, battery degradation concerns, and the rapid pace of technology development.

Key recommendations from the report emphasize the importance of industry-wide standards for assessing battery health and the need for tailored strategies across different segments of the value chain. One notable finding is that the used EV market is expected to grow steadily over the next decade, with plug-in hybrid vehicles anticipated to be the fastest-growing segment. This report provides actionable insights for OEMs, dealerships, policymakers, and investors seeking to understand market trends, mitigate risks, and identify strategic opportunities in the evolving used EV landscape.