Electric Cars Getting Cheaper, but Used Cars Still Preferred by Buyers

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Electric Cars,Cheaper,Used Cars

Electric cars are slowly but surely getting cheaper, but most car buyers still prefer to save cash and buy used cars.

Electric cars are slowly but surely getting cheaper. Over the past year or so, Ford and Tesla have been discounting their most popular electric cars while other brands, like Rivian, are laying the groundwork for all-new cheaper models.

Related That’s not to mention that carmakers are quickly improving the core tenets of an electric car. Battery and charging tech is getting better, and considering how important range is, that’s causing new car buyers in general to wait for a new generation of longer-range EVs that can deliver 350, 400, or even 500 miles of range on a single charge. But even once these longer-range EVs start rolling out, it’ll be some time before they’re widely available to buy used.

“Predictive Modeling by the National Renewable Energy Laboratory suggests that in moderate climates, a lithium-ion battery should last 12 to 15 years,” said Matt Smith, deputy editor at CarGurus, in an interview with Digital Trends. “In extreme climates — especially on the hot end of the extreme climate scale — the battery life may be reduced to 8 to 12 years.”

Regardless of what the dealer or seller tells you, it’s worth getting the battery properly checked out first.

 

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