Pros and Cons of Used EVs

used evs

PRO: EVs tend to hold their value better than most traditional cars and, because there are fewer moving parts, don’t need as much maintenance. In addition, EVs typically cost less to operate.

CON: Recharging a used evs takes more time than refueling at the pump, and setting up a home charger can be pricey (depending on electrician labor rates and how much work is required). It’s also important to note that the battery in an EV degrades over its lifespan, which can affect driving range. Estimates vary widely, but battery replacement can be a significant expense.

It’s also worth noting that revised terms of the Inflation Reduction Act now allow owners of certain used EVs to qualify for federal tax credits. This can reduce the net purchase price of a used EV. You can view the current list of vehicles that qualify here.

Used EVs: Finding the Best Deals on Pre-Owned Electric Vehicles

You can find used EVs for sale at places like CarMax and CarGuru, on Craigslist or other sales-by-owner websites and through certified pre-owned EVs sold by franchised dealerships. However, if you’re looking for a used EV that qualifies for a federal EV tax credit, make sure to buy from a dealer.

The 2017 Chevrolet Bolt EV is one of the longest-range EVs on the market, with an EPA-rated 238 miles per charge and an equivalent fuel economy of 128/110-MPG at an operating cost of $0.92 for every 25 miles driven. It’s available now at a starting price of $30,400.

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