You are more likely to find a bargain buying an older electric vehicle, made more attractive by the new EV tax credits

Buying an electric vehicle is a great way to reduce your carbon footprint by decreasing burning of fossil fuels.  Just as for gas-powered cars, there are some advantages to buying a used EV.  David Kuchta  describes these advantages on TreeHugger.com.  You may be able to save money on the purchase of used EV because, "given the quick pace of advances in battery technology, EVs depreciate faster than gasoline cars, so you are more likely to find a bargain."*  As more charging stations are installed, the need for a longer battery range is reduced.  Kuchta points out that  "while older electric vehicles have less range than newer models, advances in vehicle range have leveled off in recent years; manufacturers realize that few people need vehicles with ranges over 200 or more miles."*  In general, the cost of running and maintaining an EV, new or used, is lower than that for gas-powered cars, and the overall price can be further reduced by taking advantage of federal tax breaks.  

*https://www.treehugger.com/buying-a-used-electric-car-6499502?hid=5cca5cc09cf857f7c3ce2406e7447b3b9236437e&did=828004-20220822&utm_campaign=treehugger-daily_newsletter&utm_source=treehugger&utm_medium=email&utm_content=082222&cid=828004&mid=95184956872

Photo by Robert Couse-Baker, Flickr

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