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Behind the Wheel EV Price Drop
This photo provided by Edmunds shows the 2017 Bolt EV. The Bolt EV is no longer in production but there is a good selection of used models available. (Courtesy of Edmunds via AP)

Edmunds: Here's what to buy as used EV prices continue to drop

If new car prices look daunting, then consider a used electric vehicle

By MICHAEL CANTU
Published - Aug 21, 2024, 07:40 AM ET
Last Updated - Aug 21, 2024, 07:40 AM EDT

Now is a great time to purchase a used electric vehicle. The average price for a used EV has dropped about 20% compared to this time last year, according to Edmunds transaction data. To top it off, you can qualify for a federal tax credit of up to $4,000 if you purchase an EV for $25,000 or less. To help with your search, Edmunds’ car experts have rounded up five of their favorite used EVs. The average prices below are what you can expect to pay at a nationwide no-haggle dealership such as CarMax or Carvana.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024