Three-year-old Tesla Model 3 vehicles that had resold in the low-$30,000 range are now priced closer to $40,000, and used BYD Atto 3 models that had sold for about $25,000 are now at about $30,000, according to auction house Pickles. EVs and plug-in hybrids accounted for a record 30% of new vehicles sold in Australia in May, with Tesla's Model Y as the bestselling car and Chinese brands representing well over half of the EV market. The secondhand market now shows stable or improving residual values rather than the steep depreciation previously seen.