Source: The Drive
Summary
Used electric vehicle prices are becoming more affordable, making them a more viable option for buyers. According to a report by iSeeCars, the average price of a used EV has decreased by 10.4% over the past year. This trend is attributed to a surge in new EV models entering the market, resulting in a larger selection of used EVs available for purchase. Additionally, the report noted that the most popular used EV models are those from Tesla, Nissan, and BMW.
Our Reading
The announcement sounds ambitious.
Used EVs are gaining popularity, and prices are dropping. The average price of a used EV has decreased by 10.4% over the past year. This is largely due to the influx of new EV models, which is increasing the selection of used EVs. The most popular used EV models are from Tesla, Nissan, and BMW. Because what’s new is old again: people are buying last year’s electric cars.
Author: Evan Null
