The Rising Used EV Automotive Market—and Why You Ought to Take a Look

The Rising Used EV Automotive Market—and Why You Ought to Take a Look


For these on a price range and in want of dependable transportation, a used automotive in good situation looks as if a protected possibility. The thrilling information is that the pre-owned market appears fairly completely different than it used to—and used EVs are providing potential patrons the possibility to take a unique, extra climate-friendly strategy to non-public transportation.

With the quickly rising availability of EV chargers in locations folks reside, work, and play (an effort that we’re happy to be contributing to), the concept of an EV as one’s main type of transportation is extra sensible than ever. On this piece, we are going to discover the rising feasibility and accessibility of used EVs, the preferred pre-owned fashions and extra rebates and incentives out there to patrons to sweeten the deal much more!

Used EVs are Main the Pack

Based on a current article from auto trade weblog Jalopnik, in July 2021, used EV vehicles topped the pre-owned market over combustion and hybrid automobiles, with the three main fashions being the Tesla Mannequin 3, the Chevy Bolt, and the Tesla Mannequin S. These EVs promote, on common, inside 2 to three weeks relatively than 3+ weeks on common for different automotive sorts and fashions. 

Costwise, the 2 Tesla fashions should still be prohibitive for a lot of, however there are various used EVs presently out there for lower than $15,000. MyEV.com has a complete listing of the very best you should buy on a price range, together with, however not restricted to, the 2015-16 Volkswagen E-Golf, the 2015-2016 Kia Soul EV, the 2012-2017 Ford Focus Electrical, and the favored Nissan Leaf (circa 2012-2016). 

Used EVs: What to Look For

Since folks are likely to have much less normal data about EVs vs. gasoline automobiles – although even that’s shifting – you would possibly marvel concerning the high quality and longevity of the used EV you have an interest in. However based on MyEV.com, a correctly cared for EV battery will final for nicely in extra of 100,000 miles earlier than its vary turns into restricted, and Client Experiences estimates that the common EV battery pack’s lifespan sits at round 200,000 miles! With that kind of longevity, a used EV could show to be an excellent higher worth than you initially anticipated.

Even with that in thoughts, there are issues to think about when buying or negotiating for a used EV. Kelley Blue E-book gives a listing of 10 issues you must know earlier than shopping for a used electrical automotive—a number of of that are battery-focused. One notable piece of data that stands out within the listing is {that a} automotive dealership’s service/upkeep division offers you an in depth report on a automotive’s battery well being, and you may also cost the car to 100% earlier than you buy it and examine the estimated vary to the automotive’s authentic score.

Incentives and Rebates for Used EVs

If we haven’t but satisfied you to think about a used EV in your subsequent automotive buy, get this: relying on the place you reside, there are rebates out there for the acquisition of used EVs. For instance, residents of San Mateo County can obtain as much as $4,000 towards the acquisition of a used EV, and the California Clear Automobile Rebate Challenge outlines different rebates out there, relying on what county you reside in.

Should you reside outdoors of California, verify HERE for EV incentives which may be out there in your space. In case your state doesn’t but have incentives particularly for used EVs, preserve your eyes open for progress on the Inexpensive EVs for Working Households Act, a invoice launched this previous July by Senate Democrats, and discover used EVs in your space on Edmunds

To conclude, we’re happy to see that electrical automobiles have gotten increasingly accessible, no matter revenue degree, and are wanting ahead to seeing extra on the highway with every passing 12 months!


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October 2022