"When we started this ongoing series looking at used EV options, initially the idea was to see what was available at bargain-basement prices. But today we're looking at the $20,000-$25,000 bracket, and we're firmly out of the basement, with thousands of EVs across the country to choose from."
"For those in the market, it helps that EVs face lower residuals than equivalent hydrocarbon-powered cars. All those incentives given to the original purchaser get passed along to future owners, but according to a report from Deloitte, EV residuals are underperforming even more than expected."
"You'll get more car for the same outlay-a better spec, newer model year, or fewer miles already on the odometer versus spending the same money on something that needs gasoline."
The $20,000-$25,000 range offers a wide selection of used electric vehicles, allowing buyers to choose newer models with better specifications. Despite the lack of a used clean vehicle tax credit, the market is favorable for buyers due to lower residual values of EVs compared to traditional cars. Many consumers remain hesitant about EVs due to concerns over range and charging, but this price bracket allows for better options and features. A new price cap of $25,000 enables buyers to be selective about brands.
Read at Ars Technica
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