Used EV buying guide: The $30,000 edition
Depending on the model, you might have hundreds to choose from—or just one.
In the used EV market, supply is on the rise due to a growing number of leased vehicles entering the market, yet prices are also increasing. Consequently, the value of used EVs has risen by slightly over 5 percent since February in the United States, following their country's recent military conflict in the Middle East.
Despite the higher prices, used EV sales have been robust this year, jumping by 25 percent compared to the previous year by May. However, a softening in June has resulted in overall sales growing by over 20 percent year over year, according to analysts from Cox Automotive.
A notable difference between used and new EVs is their time spent on dealer lots. Cox Automotive's analysts have discovered that there are only 38 days' worth of used EVs available in June, while new EVs have an 81-day supply. Most of the demand for used EVs is concentrated at the lower end of the price spectrum, as reported by analysts at Recurrent.
In our previous articles on the used EV buyers' guide, we examined the least expensive used EVs, with the previous installment concluding at $25,000. These vehicles might now qualify for a $1,750 rebate if you reside in California. Today, we will focus on used EVs priced between $25,000 and $30,000. According to Autotrader's search, there are over 9,000 used EVs available in this price range.
These options can be divided into three categories: cars with a wide selection, those with a couple of hundred available nationwide, and some unique cases with just a few options to choose from.
Written by urgent.news from Ars Technica's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.