New Tax Credit Makes Used EVs More Appealing

November 21, 2023 14:40:52

new tax credit for used cars that qualify as “clean vehicles” is making used electric cars much more appealing to cost-conscious drivers. While used-car prices are estimated to have dropped by as much as 8% year-over-year, secondhand electric vehicle prices are still higher than they were before the pandemic.

New electric cars tend to be too pricey for the average consumer, meaning many drivers can only transition to electric cars by buying from the…

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