45
Why do used electrics drop so quickly in price? (lemmy.world)
submitted 4 months ago by root@lemmy.world to c/evs@lemmy.world
35 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments
[-] BestTestInTheWest@lemmy.world 2 points 4 months ago

I'm in Australia and while they're getting cheaper, used ones aren't dropping that quickly unfortunately. Any with a decent range like a kona are $38k AUD still, minimum.

this post was submitted on 16 Jun 2024
45 points (95.9% liked)

Electric Vehicles

3229 readers
119 users here now

A community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 1 year ago
MODERATORS
Sunshine@lemmy.ca