Why You Should Consider a Used EV (Even If You Hate EVs)

The Expert Podcast

Why Used Electric Vehicles Are a Great Deal

• A large supply of used EVs is available due to lifestyle buyers selling their vehicles.
• Many original EV buyers used them as secondary cars rather than primary vehicles.
• Used car buyers tend to be more practical, focusing on affordability over sustainability.

Significant Depreciation in Used EV Prices

• Some Tesla Model S cars are selling for as low as $9,000.
• Many Teslas are available in the $12,000–$15,000 range.
• Compared to gas cars, finding a 2–3-year-old vehicle under $20,000 with 50,000–60,000 miles is rare.

EV Ownership Considerations

• Perfect for city commuting and short-range travel (200–300 miles).
• Possible incentives from local governments and electric companies can lower costs further.
• Battery degradation is often minimal, with some vehicles maintaining 85% capacity.

EV Battery Replacement: Is It Worth It?

• Even if a new battery is needed, replacing it for around $5,000 still makes the total cost attractive.
• EV motors and drivetrains are highly reliable, lasting hundreds of thousands of miles.
• Some used EVs may still have warranty coverage on their batteries.

Financial Advantages Over Gasoline Cars

• Finding a good gasoline car under $20,000 is difficult, with most costing in the mid-$20,000s.
• Saving $10,000 or more on an EV can put buyers in a better financial position.

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