In 2023, experts expect supply chain issues to level out, leading to more inventory on dealership lots.

Even so, new car prices will likely stay high as we face ongoinginflation in 2023.

New to the used electric vehicle market?

A family pack their bags for holiday as the mother charges the electric car.

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Primarily, youll need to focus on electric range and battery life.

Here are seven tips to confirm you find a good one:

1.

Set a max budget for yourself, and research used EV prices within your range.

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Think abouthowyoull drive your EV each day.

Whats the max range youll need for most daily drives?

That way, you wont have to worry about charging on the go.

If looking at some of the earliest model-year EVs, pay attention to this feature.

When your preferred model becomes available privately or at a dealership, act fast.

Both used and new cars are selling just as quickly as theyre being listed.

Starting this year, the Inflation Reduction Acts newtax credits for used EV salesgoes into effect.

As with anytax credits, there are lots of stipulations.

Check outthis IRS resourceto see if you (and the used EV you want to buy) qualify.

The big issue is that it only applies to used EVs under $25,000.

According to Recurrent Auto, thats just12% of used EVson the market.

Note:This tax credit is nonrefundable.

Lithium-ion batteries are the single most expensive component of an EV.

But not all warranties are transferable.

Ask the seller for receipts and paperwork confirming the battery replacement.

Compare this expected range to the range that was originally advertised when this model first went on the market.

If there is a stark difference, youve just found a major bargaining chip.

Bear in mind that now is a tough time to haggle.

(Said buyer is probably just minutes behind you in this current used market.)

According to Recurrent Auto,new EV batteriescan range from $3,000 to more than $20,000.

The mechanic will inform you of any problems that the seller may not have disclosed.

When considering a used electric car, find a mechanic who specializes in EVs.

Hybrid vehicles have been mainstream much longer than EVs and dont come with any range anxiety.

you’re able to also consider a plug-in hybrid.

Of the two, used hybrids are typically cheaper (and easier to find) than plug-ins.

Look at models from the early to mid 2010s for the best prices.

(Youll notice theres no used Tesla model on this list!)

you might easily find a used Nissan Leaf in the $10,000 to $15,000 range.

Super old models might be listed below $6,000.

), so it didnt take long for Kia to launch an all-electric version.

One bright spot: The Spark has had a history of fun colors over the years.

These models had very low production numbers, so finding one near you may be a challenge.

If youre lucky, you may find one for roughly $10,000-15,000.

By 2017, it boasted an EPA estimated range of 125 miles.

The e-Golf was made as recently as 2019, but those newer models are above our $20,000 threshold.

Go further back in model years to find one for around $15,000.

But buying a used EV is a little different from the typical used car shopping experience.

Arm yourself with information before heading to the dealer or private seller to verify youre getting a good deal.

How Much Does It Cost to Drive an Electric Vehicle?

Electric cars may have a higher sticker price, but can you save money over time?

Previously, when you bought a used EV, you couldnt apply for a rebate.

Because of strict IRS requirements, however, experts estimate very few used EVs will actually be eligible.

Maintenance

A hallmark of electric cars is the lack of routine maintenance.

According to ValuePenguin, EV owners should expect to pay 25% more forcar insurance.

Because electric vehicles are typically more expensive to buy and repair.

But in todays market, even used cars can be pricey.

Contributor Timothy Moore is a writer and editor in Cincinnati, Ohio.

He focuses on banks, loans and insurance for The Penny Hoarder.

(Can you sense my millennial sarcasm there?)

You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…