With volatile gasoline prices rising in recent weeks, Edmunds has seen increased shopper interest in hybrids, plug-in hybrids and fully electric vehicles. If you’re thinking about going 100% electric, there’s a way to save even more money: Buy used. While new EVs are more expensive than similar gas-powered vehicles, steep depreciation can actually make a 3-year-old EV more affordable than its gas counterpart.
This price downturn doesn’t just apply to outdated EVs either. Some of Edmunds’ favorite models can be found for cheap on the used market. We included the average pricing of 2022 to 2024 models to give you an idea of what you might have to pay. Note that the range figures listed below are for when the vehicles were new. Maximum range decreases slightly as an EV’s battery is used over time.
