"On the flipside of high gas prices and scary-high payments on new cars, there's a surprising glut of tempting EV models that are pretty dang cheap to buy. We've been watching some of the best new EV deals out there, but arguably, the used car market is the most competitive it's ever been."
"The number of used EVs is likely to grow as more models end up on markets as leases end and fleets turn over older vehicles. It's not hard to find a cheap, not-so-old EV for less than $30,000."
"The Genesis GV70 Electrified features a 77.4-kilowatt-hour battery under the floor and a twin motor electric setup good for 429 horsepower, or 483 hp when its ten-second boost mode is engaged, converting the already-good gas-powered GV70 midsized crossover to electric motivation."
Amid rising oil prices exceeding $100 per barrel and economic concerns, the used EV market presents unexpected opportunities. While new car payments remain high and some EV models face cancellations, significant depreciation has made quality used electric vehicles available for under $30,000. The used EV market is increasingly competitive, with growing inventory as lease agreements end and fleet vehicles cycle through the market. Beyond common choices like the Chevrolet Bolt and Tesla Model 3, numerous overlooked EV options provide excellent value. Models like the Genesis GV70 Electrified demonstrate the quality and performance available in the affordable used EV segment.
#used-ev-market #ev-depreciation #affordable-electric-vehicles #gas-price-impact #vehicle-purchasing
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]