Are Used EVs the Smartest Choice for a Second Car?
Download MP3Overview: If you're in the market for a used electric vehicle (EV) or even a gas vehicle, it might be worth waiting until January 1st, 2025. New laws coming into effect could provide substantial incentives, tax credits, and discounts, especially for used EVs. Many vehicles that didn’t qualify before could now receive up to $4,000 towards the purchase.
Key Points:
- New laws starting in 2025 will offer huge incentives for used electric vehicles, not just new ones.
- Used EVs are becoming more popular, and as more new EVs have entered the market in recent years, there are more used options available.
- Market value of used EVs has decreased, making them a more affordable option.
- Tax credits could make used EVs an irresistible choice, especially for secondary or commuter vehicles.
- Although not ideal for long trips or as a primary vehicle, a used EV could be a great, affordable second or commuter car.
- If you’re not sure about an EV, start researching and consider it as an option. You might even use it to negotiate a better price for a gasoline vehicle.
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