This coming January, the largest ever influx of EVs to the used market gains eligibility for the $4,000 federal used EV tax credit.
According to research from battery health startup Recurrent, 65% of EVs listed on the used market are already old enough to qualify for the credit.
Thanks to booming electric sales in 2023, another 24% will meet that requirement come January 1, allowing for significant savings when purchasing used EVs.
In 2023, U.S. EV sales crossed the 1-million-unit mark for the first time, indicating a rise in consumer interest and market expansion.
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