I was looking at used Evs and I keep seeing 1 or 2 yr old VW id4s with very little miles for like $25-30k. Is there a reason why they lose their value so quickly? I even saw a 2022 Pro S with 2k miles for $28k. Someone basically lost $20k driving it off the lot 😓
My first EV was new, my second EV will likely be used. It’s great to see the used market come back to life.
More like come down to earth .
things will get interesting once we can have fairly reliable EVs with 250-300mi range for sane prices.
The only thing with used EV is MAKE SURE it has low miles. You don’t know how the battery was charged. If it has low enough miles, there shouldn’t be any major degradation.
That is a good point. When I rented an EV when I was in LA last month I charged it to 100% both nights at the hotel. The first day was for a lot of driving around. The second was so I could get to the Rental car with 80%. I wouldn’t have charged like that with my personal car.
Scary part is that low miles may not mean anything. Just looking through owner groups and such there’s a not insignificant group that just charges to 100% all the time, and you very well could have a low mileage car that’s just been at 100% all the damn time because it could be.