So, we’ve been talking about this for a couple of years: the difference between the demand and supply for electric vehicles and the push for electric vehicles. One major auto group asserts that the EV market is just not there. Even new EVs are hard to sell, but used ones are proving to be exceptionally challenging.

Surprising Discounts and Market Trends
We’re starting to see some big discounts. For instance, the new Mustang Mach-E, originally priced at $60,000 to $70,000, is now selling for as low as $20,000 just one or two years after its release. This drastic drop is indicative of the struggle to sell used electric vehicles. At one point, these cars were selling well above their sticker price, but now they’re a fraction of what they were two years ago.

Opportunity for Buyers: Leveraging the Lack of Demand
If you’re in the market for a used electric vehicle, you might be able to leverage the lack of demand to get a great deal. However, it’s crucial to consider why others might not want these vehicles; there could be underlying issues that you should be aware of. Remember, you’re not the only one thinking this way.

The Future Challenge: The Influx of Used EVs
They’re starting to realize that the first big batch of used EVs will hit the market in a year. The unknown factor is significant. The new market is soft, so buying something unpopular in the new market is a risk. This influx will be a massive test of the electric vehicle appetite for consumers, as most people tend to buy used vehicles.

Market Dynamics: Electric Vehicles vs. Gasoline Cars
New electric cars are having a tough time moving, making electric vehicles in the used car market even more challenging. When this flood of used electric cars hits the marketplace, it’ll be interesting to see what happens if they don’t sell. How low will prices go?

An Alternative for Budget-Conscious Buyers
If you’re in the market for even a gasoline used car, especially for a second car or local commuting, the influx of used electric vehicles might offer an intriguing alternative. Instead of spending $35,000 to $40,000 on a clean, late-model used gasoline car, what if you could get a low-mileage, same-year used electric vehicle for $20,000 or $25,000? The price difference could make it more appealing, despite potential concerns about insurance and electricity costs.

Closing Thoughts: Share Your Perspective
What are your thoughts on this evolving landscape? Do you believe the shift in prices and the increasing availability of used electric vehicles will sway your preferences? Share your opinions in the comments below.