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Used electric vehicles became more affordable after a new tax credit kicked in in January 2023. And as more models flood the market, you can get a particularly good deal on a used EV. Battery range will degrade over timeAnyone who's owned a smartphone knows that lithium-ion batteries wear out over time. The good news is that an EV's battery is unlikely to fail completely or render the car useless. Automotive retail analysts described it as a welcome change for EV shoppers on a budget.
Persons: , Scott Case, EVs, Graham, Geotab, Nora Naughton, Jim Fish, Fish Organizations: Service, Graham Rapier, Environmental Protection Agency, EV, Opus, Automotive, EVs Locations: Florida
Driving habits can also impact which type of used EV you should shop for. Aside from wondering which car to buy, used EV shoppers might be wondering if their (used) battery can die. The good news is that an EV's battery is unlikely to fail completely or render the car useless. The used EV tax credit is your friendAt the start of the year, a new used electric vehicle tax credit went into effect as part of a larger EV incentive program in the Inflation Reduction Act. Vehicles that qualify for the used EV tax credit must have a sale price of $25,000 or less and must be at least two model-years old.
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