number of used EVs sold in the U.S. grew from 283,000 in 2022 to just under 400,000 in 2023, and are expected to reach nearly 560,000 in 2024.
more than half of the used EVs available were under $30,000 as of February, up from around 40 percent in December
Almost 30% of all used EVs are $25,000 or less
Because used Teslas compete with every other EV, that’s forced other used EV prices down
For qualifying used EVs, that (tax credit) value is up to 30 percent of the cost, with a cap of $4,000, only applies to vehicles that cost $25,000 or less
applying the $4,000 tax credit to a buyer’s down payment reduces the “loan-to-value ratio” that lenders consider when assessing the risk of making a loan
