Buying a Used EV For Sale

Buying a Used EV For Sale

When considering buying an EV for the first time, whether as a new vehicle or as a replacement, many consumers consider purchasing a used one. After all, EVs depreciate significantly less than vehicles using internal combustion engines (ICE). Additionally, the availability of charging stations and other infrastructure may be more limited in some areas. In addition, a used EV may be more affordable than a new one.

When shopping for a used EV for sale, you will want to be sure to choose a model that has been around for a while and was well-reviewed when it was first released. Additionally, it’s a good idea to check the battery health of any used model that you may be considering. For instance, the Seattle startup Recurrent offers a free prediction of a used BEV’s battery life and how much longer it can expect to last.

On the Hunt: Used EV for Sale

Another factor to consider when shopping for a used EV is the tax credit. Starting in 2023, a buyer can receive up to $4,000 or 30% of the purchase price of a qualified used EV. This includes both all-electric BEVs and plug-in hybrid PHEVs, provided the car has had only one owner and is purchased from a dealer.

While the average price of a used EV is lower than ever before, inventory remains low in some markets. As a result, you may want to start looking now if you’re interested in purchasing a used EV. The best place to find available vehicles is at a dealership or private seller, but it’s also a good idea to consider the potential availability of a Level 2 charger in any vehicle you may be considering.

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