Electric vehicles have become a regular feature in the news, with feelgood stories about them saving people from dangerous flooding and power outages in south-east Queensland. But the industry has a problem: new electric cars are selling faster than they can be built, and that’s pushing up used car prices for the green models.Resource: https://ev.com/search
The situation is most acute in Germany, where the number of EVs sold topped a million last year. Most of those were then traded in, making them available on the secondhand market, and dealerships there are reporting a shortage of preowned EVs to sell. Some rental companies have even started cutting back on the EVs they rent, with Sixt announcing that it’s dropping Tesla Model 3s from its fleet.
Timeless Treasures: Antique Electric Cars for Sale
As a result, most of the used EVs for sale today are from 2017 and earlier. But that doesn’t mean they’re all worthless. Some have plenty of life left in them. The most important thing to look for in a used EV is its battery health. EV batteries are designed to last a decade or more, and they’re protected by a warranty that covers the entire vehicle for the first eight years or 100,000 miles. After that, the car owner can choose to renew the battery warranty for a fee or buy a new one.
The good news for shoppers is that EV batteries tend to degrade slowly, and there’s little evidence of a big drop in performance. That means that if you’re looking for a used EV, don’t be put off by an odometer reading of only 80 to 125 miles per charge; most people rarely add more than that to their commutes.