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?

  • @AA5B
    1•5 months ago

    Supply and demand.

    • A couple years ago, teslas, specifically, had the highest resale value of any car …. When there was huge demand and they couldn’t build enough.
    • Now Teslas, specifically, have poor resale value …… now that supply exceeds demand, prices new have been dropping, and Hertz dumped tens of thousands on the used market. Also the rebate means prices of new vehicles compete with more recent used