The Expert Podcast

• The shift in electric vehicle (EV) demand vs. supply has been a major discussion for the past few years.
• Major Auto Groups are reporting that the used EV market is struggling, and even new EVs are difficult to sell.
• Used EVs are seeing significant discounts. For example, the new Mustang Mach-E, once priced between $60,000 to $70,000, is now selling for as low as $20,000 to $25,000 just one to two years later.
• The prices of new EVs were once marked up but have dropped drastically. Used EVs are now priced at roughly a third of their original cost.

• If you're in the market for a used EV, you may be able to find a deal due to the lack of demand, but this may not be sustainable long-term.
• The reason behind the low demand for used EVs is that new EVs are also struggling to sell. This makes it harder to push used EVs into the market as well.
• The first wave of used EVs will hit the market soon, but no one knows exactly what will happen when this flood of cars arrives.
• Most vehicles sold each year are used, and the used EV market could face even more challenges as it grows. The key test for consumer interest in electric vehicles is just around the corner.

• With the potential for a significant drop in prices, used EVs might become a more affordable option.
• For those interested in second-hand vehicles, it could be possible to get a low-mileage, newer EV for the price of a typical used gasoline car.
• However, there are still factors like insurance and electricity costs to consider.

• If the price of a used EV drops significantly (e.g., from $35,000 to $20,000), would you be interested in purchasing one?
• Share your thoughts and opinions in the comments!