If you’re looking to buy an electric vehicle, you’re in luck. There’s a new federal rebate available for EV purchases upfront, which includes used EVs. This rebate allows buyers to get 30 percent off the sale price of a used EV, up to a maximum of $4,000. To qualify, the used electric car must meet certain criteria:
– Two model years older than the current calendar year
– Priced below $25,000
– Minimum battery capacity of 7.0 kWh
– Gross vehicle weight rating of less than 14,000 pounds
– No previous claim of the used EV tax credit
– Sold by a dealership, not a private seller
Car and Driver used their “What’s My Car Worth” tool to determine the values of various used electric vehicles between $15,000 and $25,000. They also assumed each vehicle had 40,000 miles on the odometer to get an accurate valuation. While the EVs need to be sold by a dealership to qualify for the tax credit, services like KeySavvy can help private sellers make their vehicles eligible for the credit.
Let’s take a look at some of the affordable used electric vehicles under $25,000:
– 2022 Chevrolet Bolt EUV
– 2018—2022 Tesla Model 3
– 2012—2014 Tesla Model S Performance and P85
– 2019—2022 Hyundai Kona Electric
– 2019—2021 Hyundai Ioniq Electric
– 2022 Mazda MX-30
– 2019—2022 Nissan Leaf Plus
– 2018–2021 BMW i3
The Chevrolet Bolt EUV is a good choice for a used EV, offering a pleasant driving experience. The Tesla Model 3 remains a top contender in terms of range, performance, and charging speeds. The Hyundai Kona Electric is fun to drive and easy to park, while the Ioniq Electric serves as a reliable daily driver. The Mazda MX-30, Nissan Leaf Plus, and BMW i3 also offer affordable options for those looking to go electric.
With the availability of these affordable used electric vehicles under $25,000, it’s easier than ever to make the switch to an EV. Take advantage of the federal rebate and explore the options that best suit your needs and budget. Going green has never been more accessible or affordable. So, why not consider making the switch to an electric vehicle today?
