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Used EV sales spike alongside gas prices (arstechnica.com)
submitted 5 months ago by to c/technology@lemmy.world
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[–] 65 points 5 months ago (9 children)

They are probably people that were already looking or anbout to start looking for a new car and pivoted to EV based on current conditions.

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  • [–] 11 points 5 months ago (4 children)

    Doesn't take much research to conclude the used EV market values are driven by ignorance and are a bargain right now.

    A 3 year old Ioniq5 is less than half the price of new, $28,000 go poof. Buying new EVs at >$50,000 makes no sense , but buying slightly used EVs at $12K-$24K makes total sense.

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  • [–] 5 points 5 months ago (2 children)

    And even if the battery is degraded with maybe 5%, it's still an amazing car.

    Lets say you needed to replace the battery one day anyway. You'll have saved on every other reparation, because EVs dont have moving parts that breaks all the time like in old cars.

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  • [–] 3 points 5 months ago

    Yeah, my personal experience and watching mechanics online... The turbo engine with a cvt is going to be as big a nightmare down the road as an EV battery. EV motors with a single gear is so much easier to make reliable except the trickiness of battery chemistry.. AWD by having independent motors front and back....

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  • [–] 2 points 5 months ago* (3 children)

    just goes to show how people overreact to gas prices. they could have bought a <$25k used EV last year and saved $4k with the EV tax rebate. $4k is equivalent to $33/month over 10 years.

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  • [–] 1 point 5 months ago

    they could have bought a <$25k used EV last year and saved $4k with the EV tax rebate.

    The people who were in the market for a car last year are by and large not the same people who are in the market today.

    Plus let's not forget, the actual EVs on the used market 12 months ago were different than today's. Someone looking to buy a 3-year-old car today has to look for something originally sold in 2023, whereas 12 months ago they were looking at 2022 vehicles, with fewer models available and significantly fewer vehicles actually manufactured and sold.

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