Electric vehicles have lower maintenance costs than gas-powered cars, but buying a new one can be expensive. If you’re on a tight budget, consider looking for a used EV for sale. With prices falling, there’s a good chance you can find an affordable model that fits your needs.
The latest data from car search engine iSeeCars shows that the average price of a used EV fell by up to 32% over the past year compared to a similar gas-powered vehicle. Those plummeting values have discouraged some shoppers, who worry that EVs don’t offer enough benefits to justify the cost or hassle.
Green Driving: Considering a Used EV for Sale
EV batteries naturally lose storage capacity over time. However, the majority of models released since 2017 have sophisticated liquid cooling to minimize degradation. When shopping for a used EV, check its battery health by taking it on a long test drive. Driving the car over hilly, flat, high-speed, and low-speed roads should help you get a more accurate picture of its range capability.
In addition, buyers of used EVs should be aware that the federal EV tax credit will become a point-of-sale rebate beginning in 2024. To ensure that they don’t miss out on the available $4,000 incentive, shoppers should be sure to buy from a dealer that will pre-register their purchases with the IRS through a forthcoming online portal.