New, used EV prices have dropped, but don't rush to buy: 'It's not a consumer-friendly market,' analyst says

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Both new and used electric vehicle prices have declined substantially since last year. Yet prices are still pretty high; consider your options before buying.

"EVs of that size are still very expensive," Yoon added. "We're not quite there yet in terms of having options across the board for everybody."

To that point, car shoppers looking into used electric vehicles should be cautious about their battery life and utility,For instance, while the latest EV models are doing 250 to 400 miles a charge, used EVs may only go up to 150 miles per charge. As new and used electric vehicle prices still seem high, here are two alternatives shoppers should look into if they want to switch to electric transportation.You snag all the benefits of an electric vehicle without the entire financial splurge. Leasing an EV is also another option to consider, he added.consumer insight analyst for Edmunds

 

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