EV cars are holding up better than expected
The post EV cars are holding up better than expected appeared on BitcoinEthereumNews.com. It’s not often that timing lines up so perfectly in the car market, but right now, used electric vehicles (EVs) are offering a golden opportunity in the US. With a blend of falling prices, surprisingly solid battery performance, and a federal tax credit that expires soon, now might be the best time to take the electric plunge. EV cars are holding up better than expected For years, Tesla CEO Elon Musk has talked about creating a $25,000 electric car. While that hasn’t exactly panned out in the new car world, on the used lot, it’s becoming a reality. Take a stroll through EV Auto, a dealership chain with locations in Colorado and Utah, and it is easy to spot several used Model 3s going for just around $20,000. There’s a catch, of course, these cars are pre-owned and come with thousands of miles on the clock. But the used EV market is booming for a reason; these cars are holding up better than many expected. Black Tesla Model X electric SUV car parked at a service center with gull-wing doors open. Source: Robbie/Unsplash A growing number of used electric vehicles now sit comfortably below $25,000. In fact, over a third of them are under that price point, and more than half are under $30,000, according to data from Edmunds and Recurrent an EV data startup. In the current auto market, where even modest new gas-powered cars often exceed $30,000, that’s a breath of fresh air. Interestingly, buyers are responding. Data from Recurrent shows that in five of the last seven months, used EVs have been outselling used gas cars. That’s despite all the noise surrounding Tesla and protests aimed at CEO Elon Musk. The reality is, customers are starting to warm up to the idea of affordable, clean transportation. But…
The post EV cars are holding up better than expected appeared on BitcoinEthereumNews.com.
It’s not often that timing lines up so perfectly in the car market, but right now, used electric vehicles (EVs) are offering a golden opportunity in the US. With a blend of falling prices, surprisingly solid battery performance, and a federal tax credit that expires soon, now might be the best time to take the electric plunge. EV cars are holding up better than expected For years, Tesla CEO Elon Musk has talked about creating a $25,000 electric car. While that hasn’t exactly panned out in the new car world, on the used lot, it’s becoming a reality. Take a stroll through EV Auto, a dealership chain with locations in Colorado and Utah, and it is easy to spot several used Model 3s going for just around $20,000. There’s a catch, of course, these cars are pre-owned and come with thousands of miles on the clock. But the used EV market is booming for a reason; these cars are holding up better than many expected. Black Tesla Model X electric SUV car parked at a service center with gull-wing doors open. Source: Robbie/Unsplash A growing number of used electric vehicles now sit comfortably below $25,000. In fact, over a third of them are under that price point, and more than half are under $30,000, according to data from Edmunds and Recurrent an EV data startup. In the current auto market, where even modest new gas-powered cars often exceed $30,000, that’s a breath of fresh air. Interestingly, buyers are responding. Data from Recurrent shows that in five of the last seven months, used EVs have been outselling used gas cars. That’s despite all the noise surrounding Tesla and protests aimed at CEO Elon Musk. The reality is, customers are starting to warm up to the idea of affordable, clean transportation. But…
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