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Used EV sales charge up on high gas prices, even as new EV demand declines

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Used EV sales charge up on high gas prices, even as new EV demand declines

As gas prices soared in California last month, Irvine resident Marc Tan realized his Mercedes SUV was getting too expensive to refuel.

He decided to save money at the pump and purchased a used Tesla last month.

“I had to trade in my SUV, “ said Tan, who works as a nurse. “It was just too expensive.”

Tan has bought two electric vehicles this year to avoid relying on gas while driving his kids to school and activities.

As the war in Iran squeezes the global oil supply, fuel prices have increased sharply across the U.S. Average prices in California climbed to nearly $6 per gallon, according to AAA, while national prices were slightly above $4. Gas prices in California have risen 30% since the start of the year, according to data from the U.S. Energy Information Administration.

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The trend has driven renewed interest in electric vehicles, and those looking to save money on gas are also trying to save money on their cars by buying pre-owned vehicles.

New EV sales are still declining following blows to the industry from the Trump administration, but used EVs are bucking that trend because they look more affordable now relative to new cars and used gas-powered cars.

Used EV sales increased more than 20% year over year in the first quarter of 2026, according to data from Cox Automotive.

Used electric vehicles now cost around the same as used traditional cars and often offer better value, experts said.

“The high gas prices are getting people to look at what their options are, and the wheels are starting to spin,” said Jessica Caldwell, an auto analyst at Edmunds. “You can get a pretty nice used EV for under $25,000, which is not easy to do on the market at large,” including electric and gas cars.

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Electric vehicles depreciate in value faster than traditional cars, meaning buyers can get a good deal on a used EV that hasn’t been on the road for long.

Used EVs are typically less than four years old and equipped with modern technology such as driver assistance, heated seats and Apple CarPlay. A wave of them is hitting the market as they come off lease from 2023, a year of heightened EV enthusiasm and new models.

While former President Biden was in office in 2023, the federal government heavily incentivized the transition to electric vehicles.

A Tesla dealership with cars lined up in the lot in Long Beach.

(Eric Thayer/Los Angeles Times)

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“It’s not surprising that the used EV market is starting to accelerate, because it was about three or four years ago that the new one started accelerating,” said Mark Schirmer, director of industry insights at Cox Automotive. “We’re starting to get a better variety, better choice and better price points.”

Used EVs also tend to have lower mileage than their gas counterparts and therefore better value, Schirmer said, because EV drivers don’t use them for long road trips to avoid having to stop and charge.

Used electric vehicle sales increased 25% in the first quarter this year, according to Cox. New electric vehicle sales were down 26% in February from a year earlier.

The EV industry has faced setbacks recently as the Trump administration pares back EV incentives and dealership requirements, including eliminating a California ban on new gas-powered car sales by 2035.

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In response, major automakers such as Ford, Hyundai and Stellantis have cut their EV offerings.

EV sales crashed following the September expiration of a $7,500 tax credit for new EVs and a $4,000 credit for used ones.

“There’s no premium you have to pay for an EV in the used market,” said iSeeCars.com analyst Karl Brauer. “Value is huge for used buyers, and when gas prices are going up, that becomes a focus.”

On social media, car shoppers and recent EV buyers are sharing their reasons for making the switch to electric.

“Not having to deal with the ups and downs of gas prices is one of the benefits of owning an EV,” one Reddit user wrote last month.

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Another Reddit user said it cost them $1.59 total to charge their Ford Mustang Mach-E for six hours, reaching a battery level of 90%.

In California, the appeal of a new or used EV is twofold — gas prices are especially high, and charging infrastructure is more developed than in many other states. Although electricity rates are increasing in the state, many residents are turning to solar power to source their own energy for their cars and homes.

Data show that more people are shopping for EVs even if they haven’t made purchases yet.

Cars.com saw a 25% increase in searches for used EVs from the end of February to the end of March, and a 23% increase in searches for new EVs.

“I don’t see how else you can get a vehicle that’s as new, as reliable, as safe and as affordable as used electric vehicle,” auto analyst Brian Moody said. “Add to that the current gas prices, and it’s a no-brainer.”

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Tesla’s were the most commonly searched for vehicle among used EVs on the site, according to Cars.com data.

Tesla sales have stumbled over the past year, hurt by industry challenges and reputation damage after Elon Musk involved himself in politics. Many alienated Tesla owners sold their vehicles in protest, leading to an influx of them on the used market, and therefore lower prices.

Tesla was dethroned early this year by Chinese automaker BYD as the largest EV seller in the world, but for many Californians, Musk’s signature vehicles are still an obvious choice. They come with an extensive super charging network and widespread service centers. They also offer “Full Self-Drive” mode, which appeals to many shoppers despite coming under regulatory scrutiny.

Tan, who bought two Teslas this year as gas prices have shot up, said he’s satisfied with his purchases.

“To me, Teslas are the most safe and reliable,” Tan said. “Gas has been absolutely too expensive.”

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Video: Why Your Paycheck Feels Smaller

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Video: Why Your Paycheck Feels Smaller

new video loaded: Why Your Paycheck Feels Smaller

Ben Casselman, our chief economics correspondent, explains why wages are not keeping up with inflation and what that means for American workers and the economy.

By Ben Casselman, Nour Idriss, Sutton Raphael and Stephanie Swart

April 18, 2026

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Civil case against Alec Baldwin, ‘Rust’ movie producers advances toward a trial

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Civil case against Alec Baldwin, ‘Rust’ movie producers advances toward a trial

Nearly two years after actor Alec Baldwin was cleared of criminal charges in the “Rust” movie shooting death, a long simmering civil negligence case is inching toward a trial this fall.

On Friday, a Los Angeles Superior Court judge denied a summary judgment motion requested by the film producers Rust Movie Productions LLC, as well as actor-producer Baldwin and his firm El Dorado Pictures to dismiss the case.

During a hearing, Superior Court Judge Maurice Leiter set an Oct. 12 trial date.

The negligence suit was brought more than four years ago by Serge Svetnoy, who served as the chief lighting technician on the problem-plagued western film. Svetnoy was close friends with cinematographer Halyna Hutchins and held her in his arms as she lay dying on the floor of the New Mexico movie set. Baldwin’s firearm had discharged, launching a .45 caliber bullet, which struck and killed her.

The Bonanza Creek Ranch in Santa Fe, N.M. in 2021.

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(Jae C. Hong / Associated Press)

Svetnoy was the first crew member of the ill-fated western to bring a lawsuit against the producers, alleging they were negligent in Hutchins’ October 2021 death. He maintains he has suffered trauma in the years since. In addition to negligence, his lawsuit also accuses the producers of intentional infliction of emotional distress.

Prosecutors dropped criminal charges against Baldwin, who has long maintained he was not responsible for Hutchins’ death.

“We are pleased with the Court’s decision denying the motions for summary judgment filed by Rust Movie Productions and Mr. Baldwin,” lawyers Gary Dordick and John Upton, who represent Svetnoy, said in a statement following the hearing. “He looks forward to finally having his day in court on this long-pending matter.”

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The judge denied the defendants’ request to dismiss the negligence, emotional distress and punitive damages claims. One count directed at Baldwin, alleging assault, was dropped.

Svetnoy has said the bullet whizzed past his head and “narrowly missed him,” according to the gaffer’s suit.

Attorneys representing Baldwin and the producers were not immediately available for comment.

Svetnoy and Hutchins had been friends for more than five years and worked together on nine film productions. Both were immigrants from Ukraine, and they spent holidays together with their families.

On Oct. 21, 2021, he was helping prepare for an afternoon of filming in a wooden church on Bonanza Creek Ranch. Hutchins was conversing with Baldwin to set up a camera angle that Hutchins wanted to depict: a close-up image of the barrel of Baldwin’s revolver.

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The day had been chaotic because Hutchins’ union camera crew had walked off the set to protest the lack of nearby housing and previous alleged safety violations with the firearms on the set.

Instead of postponing filming to resolve the labor dispute, producers pushed forward, crew members alleged.

New Mexico prosecutors prevailed in a criminal case against the armorer, Hannah Gutierrez, in March 2024. She served more than a year in a state women’s prison for her involuntary manslaughter conviction before being released last year.

Baldwin faced a similar charge, but the case against him unraveled spectacularly.

On the second day of his July 2024 trial, his criminal defense attorneys — Luke Nikas and Alex Spiro — presented evidence that prosecutors and sheriff’s deputies withheld evidence that may have helped his defense . The judge was furious, setting Baldwin free.

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Variety first reported on Friday’s court action.

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California’s gas prices push Uber and Lyft drivers off the road

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California’s gas prices push Uber and Lyft drivers off the road

The highest gas prices in the country are making it tougher for some gig drivers to make a living.

Gas prices have shot up amid the war in the Middle East. On average, California gas prices are the most expensive in the United States, according to data from the American Automobile Assn. The average price of regular gas in California is almost $6. The national average is a little above $4.

While Uber and Lyft drivers have concocted clever ways to cut gas consumption, they say that without some relief they will be forced to leave the ride-hailing business.

John Mejia was already struggling to make money as a part-time Lyft driver when soaring gas prices made his side hustle even harder.

“Unfortunately, it’s the economics of paying less to drivers and gas prices,” he said. “It actually is pulling people out of the business.”

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Guests at The Westin St. Francis hotel get into an Uber.

(Jess Lynn Goss / For The Times)

Gig work offers drivers the freedom to work for themselves and more flexibility, but being independent contractors also means they must shoulder unexpected costs.

Ride-sharing companies say they’re trying to help, but drivers say the gas relief comes with caveats. For now, drivers say they’re being pickier about what rides they accept, cutting hours and are looking at other ways to make money.

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Mejia, who started driving for Lyft more than a decade ago, said in his early days, he would sometimes make $400 in three hours. Now it takes 12 hours to rake in $200.

The San Francisco Bay Area consultant is an active member of the California Gig Workers Union, so he knows he isn’t alone. California has more than 800,000 gig rideshare drivers, according to the group, which is affiliated with the Service Employees International Union.

On social media sites such as Reddit and Facebook, gig workers have posted about how the higher gas prices are eating into their earnings. Among the tricks they are suggesting: reducing the number of times the ignition is turned on or off, avoiding traffic, working in specific neighborhoods and at times with high demand and switching to electric vehicles.

Gig drivers usually have only seconds to decide whether to accept a ride on the app, but they have become more strategic about which rides and deliveries they accept.

That means they are more likely to sit back in their cars and wait for higher fares for quick pick-up and drop-off.

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“I highly recommend the ‘decline and recline’ strategy, rejecting unprofitable rides until a better one appears,” wrote Sergio Avedian, a driver, in the popular blog the Rideshare Guy.

Pedestrians cross the street in front of a Lyft and Uber driver.

Pedestrians cross the street in front of a Lyft and Uber driver on Wednesday. High gas prices have made it hard for gig drivers to make a living, cutting into their profits.

(Jess Lynn Goss / For The Times)

Uber, Lyft and other companies have unveiled several ways to help drivers save on gas.

Uber said drivers can get up to 15% cash back through May 26 with the Uber Pro card, a business debit Mastercard for drivers and couriers. Based on a worker’s tier, they can get up to $1 off per gallon of gas through Upside — an app that offers cash rewards — and up to 21 cents off per gallon of gas with Shell Fuel Rewards. The company also offers incentives for drivers who want to switch to electric vehicles.

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“We know the price of gas is top of mind for many rideshare and delivery drivers across the country right now,” Uber said in a blog post about its gas savings efforts.

Lyft also said it’s expanding gas relief through May 26 because the company knows that the extra cost “hits hardest for drivers who depend on driving for their income.”

The company is offering more cash back, depending on the driver’s tier, for drivers who use a Lyft Direct business debit card to pay for gas at eligible gas stations. They can get an additional 14 cents per gallon off through Upside.

Drivers say the fine print on the offers dictates which card they use and where they fill up gas, making it difficult for them to save money.

“If I do the math, it’s ridiculous,” Mejia said. “They’re offering us nothing.”

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Uber declined to comment, but pointed to its blog post about the gas relief efforts. Lyft also referenced the blog post and said “the gas savings were structured through rewards to maximize stackable opportunities.”

Guests at The Westin St. Francis hotel get into an Uber.

Guests at The Westin St. Francis hotel get into an Uber.

(Jess Lynn Goss / For The Times)

Gig workers have struggled with rising gas prices in the past.

In 2022, Lyft and Uber temporarily added a surcharge to their fares amid record-high gas prices following Russia’s invasion of Ukraine. This year, Uber is adding a fuel charge to its fares in Australia for roughly two months to offset the high cost of gas for drivers. Lyft said it hasn’t added a fuel charge in the U.S. or elsewhere.

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Margarita Penalosa, who drives full time for Uber and Lyft in Los Angeles, started as a rideshare driver in 2017. Back then, gas was cheaper. She would easily hit her goal of making $300 in eight hours. Now she’s making just $250 after working as much as 14 hours.

Gas prices, she said, used to be less than $3 per gallon. Now some gas stations are charging more than $8 per gallon.

“Take out the gas. Take out the mileage from my car and maintenance. How much [do] I really make? Probably I get $11 for an hour,” she said.

Jonathan Tipton Meyers wants to spend fewer hours as a rideshare driver.

He already juggles multiple gigs even while driving for Uber and Lyft in Los Angeles. He’s a mobile notary and loan signing agent, a writer and performer.

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Driving is “a very challenging, full-time job,” he said. “It’s very taxing and, of course, wages were just continually decreasing.”

A man stands for a portrait in a white button up shirt

John Mejia, a longtime Lyft and Uber driver, poses for a portrait before attending a meeting about unionizing gig drivers.

(Jess Lynn Goss / For The Times)

Even if oil continues to flow through the Strait of Hormuz, which Iran reopened Friday, it could take a while for gas prices to come down to earth, said Mark Zandi, the chief economist at Moody’s Analytics.

“There’s an old adage that prices rise like a rocket and fall like a feather,” he said. “I think that’ll apply.”

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In the meantime, it will be survival of the fittest drivers. If enough of them decide to leave the apps, the ride-hailing companies could be forced to raise fares further to attract some back.

“Those who approach rideshare driving strategically, tracking expenses, choosing trips carefully, and optimizing efficiency are far more likely to weather periods of high gas prices,” wrote Avedian in the Rideshare Guy blog. “For everyone else, a spike at the pump can quickly turn rideshare driving from a side hustle into a money-losing venture.”

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