2 weeks ago
29
Used electric vehicles are becoming an increasingly viable option for budget-conscious buyers, offering significant savings compared to new models.
Michael J. Coren reports for The Washington Post.
In short:
- The average price of electric vehicles (EVs) has dropped significantly, with used models now accessible below $3,000, supported by federal incentives and a growing used market.
- Automotive analysts note that the used EV market is thriving, with increased availability and lower prices due to technological advancements and aggressive pricing strategies by manufacturers like Tesla.
- Research indicates that EV batteries are lasting longer than expected, reducing long-term ownership costs and environmental impact.
Key quote:
"It is the best time ever to buy a used EV."
— Ivan Drury, automotive market analyst at Edmunds
Why this matters:
With prices dropping and technology improving, more consumers can consider electric options, aligning personal budget constraints with environmental benefits.
Traditional gasoline-powered vehicles emit pollutants linked to respiratory diseases, cardiovascular problems, and other health issues. By making EVs more accessible, we're not only working towards a greener planet but also cleaner air and potentially fewer health-related expenses for millions of people.
