Nearly 40 percent of used EVs in the United States are available for less than $30,000, according to Recurrent’s latest market report.
The prices of used all-electric vehicles in the United States have gone down 28 percent since July 2022, according to the latest car buying report from Recurrent, with used Tesla prices seeing a decrease of more than 30 percent year-over-year as a consequence of the company reducing new vehicle prices.
Furthermore, Recurrent’s data shows that nearly 40 percent of used EVs in the United States are available at less than $30,000, which is good news for people going after the potentialoffered by the IRS for eligible zero-emissions vehicles that cost $25,000 or less and have a battery of at least 7 kilowatt-hours.
The declining prices for used EVs in the US are partly due to price cuts for new cars, including federal incentives for battery-powered cars, but also because demand for used cars has softened.
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