Trump · Ars Technica
$25,000 buys plenty of used EVs: Here are some options
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Whether you’re considering an electric vehicle because of gas prices or climate change, there has probably never been a better time to buy a used EV, despite that the Trump administration abolished the used clean vehicle tax credit last year.
Key facts
- The mass market Almost half of the 6,000-plus used EVs that showed up in a search priced between $20,000 and $25,000 were, unsurprisingly, Teslas
- But today they're looking at the $20,000–$25,000 bracket, and they're firmly out of the basement, with thousands of EVs across the country to choose
- Most of the used Chevrolet Bolts are cheaper than this article’s $20,000 price floor, but you will find the more capacious Bolt EUV on offer
- If you’re only spending $5,000 on an EV, you’re looking at much older models with smaller batteries that never had that much range even when new
Summary
But today they're looking at the $20,000–$25,000 bracket, and they're firmly out of the basement, with thousands of EVs across the country to choose from. But at four or five times that sum, the net casts much, much wider. All those incentives given to the original purchaser are passed along to future owners, but according to a Deloitte report, EV residuals are underperforming even more than expected. The mass market Almost half of the 6,000-plus used EVs that showed up in a search priced between $20,000 and $25,000 were, unsurprisingly, Teslas. The team found lots of Ioniq 5s up to model-year 2024, so no cars with native NACS ports or a rear windscreen wiper.
The good news for those people is that the reporter also found a few Honda Prologues inside their budget. Inconveniently, most of the cars they found were model-year 2023 or older.