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The EV car-for-sale market isn’t slowing down, but the growth rate has slowed from its torrid pace of recent years. Still, it’s a hugely important segment of the industry. Electric vehicles are a clean alternative to traditional gas-powered cars, and the technology is only going to get better over time.
A recent survey by McKinsey and Consumer Reports found that many consumers are ready to make the switch to an EV. But prices remain a barrier, as do concerns about battery range and charging stations. And despite federal subsidies and state and local credits, an EV purchase is a big investment, especially in today’s low-inflationary environment.
EV Car for Sale: Exploring Your Options
Dealerships say that shoppers considering an EV are also often asking about hybrids. That’s because they provide a “just right” choice between gasoline-powered cars and zero-emissions models, says CarGurus’ Kevin Roberts. Hybrids, in fact, are more popular among existing car owners than EVs. But that could change if gas prices continue to fall.
EV prices are still higher than those of a typical gas-powered vehicle, but the gap has been closing. And with a good credit score, drivers can qualify for rebates and tax breaks that make an EV more affordable. To help, we’ve rounded up the 11 cheapest current-production EVs on the market by starting price (including destination). We’ve included only all-electric models; plug-in hybrids and fuel-cell vehicles aren’t eligible for any incentives. We’ve also excluded a handful of models that don’t comply with new federal guidelines on battery and materials sourcing.
