Experts say there are three key things to consider before buying a used EV.
Universal Images Group via Getty ImagesData from Edmunds, which determines car values, showed that the average cost for a used Chevy Bolt in 2022 was $25,620; this year the car is averaging $24,104. A used Hyundai Kona EV averaged $33,146 last year, but the price has now dipped to $28,218. Last year, used Tesla Model S cars cost an average of $79,157, but this year they've dropped to $60,137.
"It is the best $100 to $200 you could ever spend because it's likely going to surface issues," Zach Shefska, CEO of CarEdge, said in an interview with ABC News. "If it doesn't, then you just spent $100 or $200 to make sure you've got a great car." A new EV valuation tool launching later this year from Cox Automotive could help prospective EV buyers see a car's battery health online. The company's new tool will score electric cars' overall battery health on a scale of 1-5, with higher scores indicating better batteries.
&D at Cox Automotive, said about the new product. "You could have two EVs with the same mileage and one that's been driven in really hot weather, been fast charged – that's going to have probably not as good a state of health or battery compared to the one that's been in moderate temperature."Manufacturer Warranties
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