Used electric cars are a great way to gain all the benefits of driving electric, at a much more affordable price. With lower running costs, more options, and a suite of government incentives, buyers can be sure to find a deal that suits them. But what should you keep an eye out for?

Typically, electric vehicles have fewer miles on their odometers than gas-powered counterparts. This can mean they need fewer repairs and replacements for components like brakes, tires, and suspension. Additionally, EV batteries have longer lifespans than the rest of the car. So you should always check whether the remainder of a warranty for the battery pack has been transferred over to new ownership when purchasing a used EV.

Revolutionizing Transportation: Used Electric Cars

Most cars lose around 20% of their value as soon as they’re driven off the showroom floor, but EVs depreciate significantly slower. That’s especially true for late-model EVs, which can still command as much as 50% of their original sticker prices when sold three years after purchase.

Of course, some of that resale value is attributed to the fact that EVs tend to be more reliable than other vehicles and that there are many more places to charge them. That said, the technology in EVs is evolving quickly and a three-year-old model may not offer all of the latest features and capabilities. So if you’re looking for an EV that has an edge over the competition, it’s probably best to opt for a brand-new model.