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The Used EV Market Is Starting to Get Interesting

09 Apr 2023 | Abstracted from Jalopnik

"One of the more underreported aspects of the Inflation Reduction Act was a provision for a tax credit of up to $4,000 for buyers of certain used EVs. These tax credits come with a heap of restrictions..none...are too off the wall, and you can see what the intent is..Used electric vehicle sales in the United States rose 32% in the first three months of 2023 as prices fell..the used EV market is finally starting to emerge as something worth thinking about."

ADDITIONAL RELATED NEWS LINKS

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• How A Colorado Woman Bought A Used EV For Less Than $700


• 'EV Health Checker' Creator ClearWatt Reaches £200,000 Fundraising Target With Latest Investment From Prova


• 'Electric Altimas': How Depreciation Is Bringing Teslas Within Reach of 'Low-Income Individuals'


• Used Electric Cars Prices 'More Volatile' Than Other Cars, Australian Data shows


• Prices Are Falling On Used EVs. Here's How To Get A Deal


• Used Car Values In The UK Stabilise After 10.5% Fall | Positivity For Used EVs


• Electric Cars In The UK Suffer "Unsustainable" Depreciation In Secondhand Market


• EVs Are Cheaper Than Ever. That's Bad For EV Owners


• Tesla Model 3s From Hertz Are Going For As Low As $14,000