The Expert Podcast

Electric vehicles are chasing the market in a way that might make them appealing to buyers of new vehicles. There are some electric vehicles that are being discounted by thousands of dollars. This article talks about $6,000; we've seen some electric vehicles discounted from $1 to $15,000, and we'll talk about that in another video. These discounts are because there's a larger backlog of these cars at dealers, so if you're looking for a vehicle, it might be worth considering electric.

What about used? Well, used electric vehicles are also dropping. This article says the word plummeting, which sounds pretty severe for mass adoption but bad if you already bought one. If you already have a used electric vehicle, your reso value might be lower than you think, but if you're looking to buy one, there might be some deals on used EVS that might make it very appealing to have one as a second car, maybe something you don't need to take on long trips.