"Used EVs Have Never Been Cheaper. But Are They A Good Deal?" [1]
"The price gap between used electric and gas cars is now just $900 — that's the lowest ever."
"The deals on used electric vehicles right now are shocking.
In 2017, a brand-new Nissan Leaf carried a price tag of about $35,000; today, that same car is yours for less than $6,500. This story repeats across the market. A Hyundai Kona that rolled off the showroom floor in 2021 for more than $43,000 has fallen below $16,000. Even newer models aren’t spared from this kind of depreciation. Take the 2024 Hyundai Ioniq 5: it debuted with a sticker close to $62,000, but after 8,000 miles and less than 12 months on the road, at least one is selling for around $37,000. The drops are even starker in the luxury segment. An Audi e-Tron GT supercar that cost about $124,000 just three years ago is now offered at $52,000. All of this is before government incentives that could bring costs even lower.
In August, plummeting prices sparked a 59 percent year-over-year surge in used EV sales, according to the research firm Cox Automotive. But the trend also begs the question whether even well-priced used EVs are a bad investment in an asset that will continue to depreciate at an alarming rate. Experts say that depends on the car, and on how the buyer would use it. "