What is the most used EV?
EV Used Cars
With lower new-car prices and tight inventories, the time is right for car shoppers to consider buying an electric vehicle. But many people want to test drive an EV before making the commitment. That’s where the used-EV market comes in. EVs depreciate faster than other vehicles, so they tend to be a great value when purchased in the used-car market.
Some EV models have been on the market for more than a decade, so it’s not surprising to find some excellent choices in the pre-owned marketplace. The Model S, in particular, has set a high bar for the aspirational EV with its impressive range and performance.
You’ll also find some EVs that are more recently off the assembly line, such as the Model 3 and the Chevrolet Bolt. These are a bit more expensive than some of the older models, but they still offer outstanding value.
Depending on the model and year, some EV Used Cars are also covered by an extended battery warranty. These warranties usually last eight to ten years and can be transferred to the next owner when the car is sold.
Other used EVs come with a factory warranty, which may extend beyond bumper-to-bumper coverage. These typically cover the battery and major components for a period of time that can vary by state. Shoppers can check with individual automakers to see what’s available and whether they offer a transferable warranty.
All EVs lose some of their battery capacity over time, but the loss is less dramatic than with traditional gasoline-powered cars. Almost all EVs have sophisticated liquid cooling of the batteries, which helps minimize degradation. You can learn about specific EV models’ expected battery life by checking their EPA ratings on the agency website, and you can see what other owners have experienced in real-world driving situations.
Most EVs have fewer moving parts than gas-powered cars, so they require a smaller amount of maintenance. EV brakes, for example, use regenerative braking that recaptures energy and wears out slower than traditional brake pads. And EVs don’t need oil changes as often as traditional vehicles.
If you’re considering an EV, you’ll likely want to work with an expert. You can get a vehicle history report from a dealership or a third-party website, and you should always get an inspection before you buy a used EV. You might also be able to get more peace of mind with a certified-preowned EV, which can have perks like additional warranty coverage and lower interest rates for financing. For more advice, read NerdWallet’s article on How to Buy a Used EV.