Summer brings increased deals on used electric vehicles, particularly due to a $4,000 tax credit valid until September 30. Prices for used EVs like the Ford Mustang Mach-E, Polestar 2, and Tesla Model 3 are dropping dramatically. Even higher-mileage EVs are maintaining high efficiency and battery health, challenging prior notions about necessary replacements. If the other components of the vehicle are functioning well, mileage may become less critical, altering the perception of EV longevity and value compared to traditional gas vehicles.
Many used electric vehicles, such as the Ford Mustang Mach-E, Polestar 2, and Tesla Model 3, are experiencing significant price drops and incentives due to a temporary used EV tax credit that lasts until September 30.
High-mileage electric vehicles, even those with 100,000 to 300,000 miles, can still offer the same efficiency as newer models, indicating that battery health is not as significant a concern as previously thought.
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