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Used Electric Vehicle Prices Continue Slumping

Secondhand electric vehicle prices have maintained their downward trend several weeks after they first fell; they are now costing customers several thousand dollars less compared to similar vehicles with internal combustion engines. For drivers who were interested in switching to battery electric vehicles (BEVs) but were held back by prices, this represents the best time to finally ditch their fossil-fuel powered vehicles and replace them with BEVs.

A recent analysis published by iSeeCars has revealed that with the price difference between the BMW 3 Series and a secondhand Tesla Model 3 shrinking rapidly, the premium that…

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