The Expert Podcast

• The Growing Interest in Used EVs
  • A year ago, less than 50% of potential EV buyers considered purchasing a used EV. Now, nearly 80% are open to it.
  • This shift reflects a growing demand for affordable and accessible electric vehicles.
• Market Trends and Data
  • Recurrent's research shows a major rise in used EV interest from 2021 to 2022.
  • Used EVs are gaining ground and even surpassing non-Tesla new EV sales.
  • New EVs are dominated by Tesla, while used EVs are expanding across various brands.
• Why Used EVs Are Becoming Mainstream
  • New EV shortages due to supply chain issues and chip shortages.
  • Price increases across different models—Mach-E prices reaching $70,000, Chevrolet Bolt increasing 15-20% in just six months.
  • More used EVs appearing in dealerships, leading to greater market acceptance.
• Key Considerations Before Buying a Used EV
  • Always test the battery before purchasing.
  • Ensure the model fits your needs and lifestyle.
  • As used EVs become more mainstream, understanding their value and reliability is crucial.