"Lucky for me, the used EV market has never been better. Modern EV depreciation is truly abnormal; There's no reason an EV with 25,000 miles should be a full 50% cheaper than new, considering how rare battery and motor failures are. But most lay people remain afraid of battery degradation, which means the deals are still spectacular. A loaded 2024 Blazer EV LT2 now trades for as little as $25,000."
"If you have $35,000, you can get a Cadillac Lyriq, Mercedes EQE SUV, BMW i4, Tesla Model 3 Performance, you name it. Plus, the $15,000 market is finally filling in. You can find Model 3s and Bolts in that range, with base model Ioniq 5s and Kona EVs trading near $20,000. The point is, at every price point, EV consumers have more exciting options than ever."
A gas truck was sold and an electric vehicle replacement is needed before a 2024 Blazer EV lease ends in July 2026. The used EV market shows unusually steep depreciation, creating significant bargains even for low-mileage vehicles because battery and motor failures remain rare and many buyers fear battery degradation. Entry prices around $15,000 now include some Model 3s and Bolts, while $20,000 can buy base Ioniq 5s or Kona EVs and $25,000 can buy a loaded Blazer LT2. A $35,000 budget opens luxury and performance EV options. The preference is for a mid/large SUV with ground clearance for camping, cargo capacity, and mixed on/off-road capability for long trips.
Read at insideevs.com
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