Every year, the number of electric vehicles hitting the market and being sold is rising. Consumers are making the switch to electric vehicles now more than ever. Automakers around the world are adapting to the new market for electric vehicles by coming out with models of all different price ranges. For some drivers, these vehicles may still be too expensive, and they opt for buying a used EV. The market for used EVs is expected to grow in upcoming years when EV drivers start upgrading to newer models of their current cars. Plus, the federal government is offering tax credits to electric vehicles that meet a certain criteria.

The most important factor to take into consideration before buying a used EV is ensuring that it has the right range to match your lifestyle. EV ranges can go upwards of 400 miles on one charge, but it can come at a higher price. If drivers are prone to long distance traveling, or don’t have access to EV charging stations locally, then it would be best to choose an EV with a higher EV range.

All batteries are prone to degrading after driving them for a long period of time. For electric vehicles, this could be a slow declining process but may still affect the EV range and speed of charging the vehicle. When buying a used EV, drivers are going to need to consider that the EV range may not be the same as when the car first came off the lot. It also has not been discovered how to measure how much of an EV’s battery life is left. When buying a used EV, double check how many miles have been used on the car and, if possible, ask the previous owner how many miles they would drive before charging the vehicle.

Click here to read the full article, originally published May 21, 2023, by CNBC.