this post was submitted on 16 Jun 2024
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Electric Vehicles

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Why do used electrics drop so quickly in price? (lemmy.world)
submitted 4 months ago by root@lemmy.world to c/evs@lemmy.world
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It's been years since I've checked the used electric market, but I'm seeing cars like the Hyundai Ionic 6 or Polestar 2 for low 30s, where as they were in the high 40s or mid 50s new a year ago.

My suspicion is that:

  1. Normal car depreciation when driven off the lot
  2. General fear of batteries wearing down prematurely, even if the car has ~10k miles
  3. Any applicable federal rebates or otherwise have already been claimed and can't be claimed on used vehicles(?)

Is there any other reason why these drop so quickly? Would buying one be considered foolish in anyway?

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[–] JAWNEHBOY@reddthat.com 3 points 4 months ago (1 children)

I'd love to hear more about your experience! What 3 EVs did you buy used and which was your favorite?

[–] rebelsimile@sh.itjust.works 6 points 4 months ago

I’ve bought Volts and an i3. The Volts were I think 12.5k and 12k and the i3 was 22ish. All 3 have been great but the BMW has a lot more compromises as a long distance vehicle. The Volts have been rock solid and super reliable. We only have one left, but it still reads with its normal rated capacity after 10 years.