While the first generation of Used EVs has been replaced by newer models with increased ranges, many of these cars are beginning to appear on secondhand car lots. As such, some consumers may be wary of purchasing a pre-owned EV. But data is starting to emerge that shows that these vehicles are a good investment and that they’re unlikely to lose value in the same way as conventional gas-powered cars.

EV buyers should also consider their local charging infrastructure and what incentives are available to them. For instance, some states and power providers offer discounts for EV purchases, home charger installation, or a combination of the two. In addition, the federal government has revamped a list of used electric vehicles that qualify for a tax credit of up to $4,000. That is a great way to get some change back from Uncle Sam at purchase time.

Maximizing Your Investment: Tips for Buying Used EVs Wisely

Finally, a prospective buyer should test drive any used EV they’re considering to make sure that the vehicle is the right fit for them and that its range estimator is accurate under a variety of driving conditions. They should also be aware of any potential issues such as battery degradation that could affect a used EV’s performance and value.

With these factors in mind, a used EV may be the best option for many consumers looking to join the electric vehicle revolution. And as more anecdotal and hard data become available, these cars will likely continue to gain popularity with consumers.