EV cars are holding up better than expected

Used electric vehicle prices are decreasing, with many models available under $25,000, and some even around $20,000. Data indicates that used EVs are proving durable, retaining a significant portion of their original battery range. Used EV sales are strong, sometimes exceeding those of used gasoline cars. A federal tax credit offering up to $4,000 for used EVs priced at $25,000 or less is ending in September. This tax credit applies to models made in 2023 or earlier. A large number of leased EVs will enter the used market next year. Experts predict a split in the used EV market, with older models remaining under $20,000 and newer models potentially increasing in price.