Even as the price of new electric cars continues to drop, $50,000 – which is roughly the average transaction price of a new electric car in the United States – is still a lot of money to spend on a car for a lot of people. So many people are turning to the used EV market to find their next zero-emissions ride. People like Gosia, who got rid of her gas-powered 2021 Hyundai Kona and got a screaming deal on a used 2019 Chevrolet Bolt EV.
She bought it for less than $20,000 and on top of that, she got a $3,000 rebate from her local energy company in Colorado, plus $4,000 in the form of the used EV tax incentive. So at the end of the day, the final cost for the car was about $13,000 without considering potential savings from using electricity instead of gasoline.