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Unlocking electric dreams: How to snag a used EV for under $3,000
Used electric vehicles are becoming an increasingly viable option for budget-conscious buyers, offering significant savings compared to new models.
In short:
- The average price of electric vehicles (EVs) has dropped significantly, with used models now accessible below $3,000, supported by federal incentives and a growing used market.
- Automotive analysts note that the used EV market is thriving, with increased availability and lower prices due to technological advancements and aggressive pricing strategies by manufacturers like Tesla.
- Research indicates that EV batteries are lasting longer than expected, reducing long-term ownership costs and environmental impact.
Key quote:
"It is the best time ever to buy a used EV."
— Ivan Drury, automotive market analyst at Edmunds
Why this matters:
With prices dropping and technology improving, more consumers can consider electric options, aligning personal budget constraints with environmental benefits.
Traditional gasoline-powered vehicles emit pollutants linked to respiratory diseases, cardiovascular problems, and other health issues. By making EVs more accessible, we're not only working towards a greener planet but also cleaner air and potentially fewer health-related expenses for millions of people.
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Newsletter
Post-flood Yellowstone rebuilding could cost more than $1 billion
Restoring Yellowstone National Park after recent floods washed away bridges and roads could cost more than $1 billion, and the effort could take years given the challenge of making repairs in a protected landscape.
Coming this summer: Spiking electricity bills plus blackouts
Electricity prices are rising in much of the country at the same time that climate change is contributing to extreme heat and a high chance of blackouts this summer.
Photo by Hans Isaacson on Unsplash
Climate change could change property values, real estate
Not every home buyer is diligent about evaluating the potential risk of a weather-related disaster, but that may change in the future.
Photo by Markus Spiske on Unsplash
Here comes the social cost of carbon. Will it address EJ?
The White House is expected to release new values for climate change damage as soon as this month that reflect the disproportionate harm that vulnerable populations could face on a warming planet.
Photo by Moritz Kindler on Unsplash
Biden’s biggest idea on climate change is remarkably cheap
A new analysis from researchers at the University of Chicago and the Rhodium Group, an energy-research firm, finds that one of President Joe Biden’s marquee energy proposals—the one of the most likely to make it through Congress—has a good chance of working.
Photo by Chi Hung Wong on Unsplash
Air pollution: Roadside emissions sensors help Hong Kong clean its air in world first
Carbon monoxide and nitrogen oxide pollution have fallen sharply in Hong Kong since it introduced a world-first scheme to detect and repair vehicles with the highest emissions.
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