Five Top Used Electric Vehicles for Exceptional Value, According to Edmunds
With volatile gasoline prices rising in recent weeks, Edmunds has observed a significant increase in shopper interest towards hybrids, plug-in hybrids, and fully electric vehicles. For those considering a transition to 100% electric driving, there is a strategic way to save even more money: purchasing a used EV. While new electric vehicles often carry a higher price tag compared to their gas-powered counterparts, steep depreciation rates can render a three-year-old EV more affordable than a similar gas model.
This price advantage extends beyond outdated models. Some of Edmunds' most favored electric vehicles are available at bargain prices on the used market. To provide a clear picture, average pricing for models from 2022 to 2024 is included, offering insight into potential costs. It is important to note that the range figures listed reflect the vehicles' capabilities when new, as maximum range typically decreases slightly over time with battery usage.
Chevrolet Bolt EV and Bolt EUV
If affordability is your primary concern, the Chevrolet Bolt EV and its SUV-inspired sibling, the Bolt EUV, stand out as top choices. These models represent the best used EVs available at a killer price, offering excellent value with a generous list of tech features, a spacious cabin, and an easy-to-park size. The Bolt EV achieves up to an EPA-estimated 259 miles of range on a full charge, while the EUV can reach up to 247 miles.
Tip: The Bolt EV debuted in 2017 and remained in production until 2023, with a revised version set for 2027. For those with a flexible budget, opting for a 2022 or 2023 Bolt EV or EUV provides updated styling and improved technology features. The Bolt is ideal for individuals who can charge at home, as public charging stations may offer tediously slow charging speeds.
Average 2021-2023 pricing: approximately $18,000
Hyundai Kona Electric
The Hyundai Kona Electric is the electric variant of Hyundai's pint-size crossover SUV. Like its gas-powered counterpart, the Kona Electric is surprisingly nimble, and when combined with the instant acceleration of an electric motor, it delivers a fun driving experience in a small SUV. Additional highlights include comfortable seating and a maximum EPA-estimated range of over 250 miles.
Tip: Hyundai redesigned the Kona Electric for the 2024 model year, enhancing interior space and technology features. However, the better value may lie in focusing on a 2022 or 2023 model, which in Edmunds' testing proved quicker and offered greater real-world range than the newer version.
Average 2022-2024 pricing: approximately $19,000
Hyundai Ioniq 5
The Hyundai Ioniq 5 consistently ranks among Edmunds' favorite electric SUVs due to its blend of comfort, quick charging capabilities, and user-friendly interior design. While not the most affordable EV when new, used models can be purchased at a bargain price, especially considering the extensive list of standard features. The Ioniq 5 also boasts a distinctive design that sets it apart from other SUVs.
Tip: Avoid the Standard Range version, which is the least expensive but limited to an EPA-estimated 220 miles of range. All other Ioniq 5 variants offer more range, with the single-motor version capable of up to 303 miles.
Average 2022-2024 pricing: approximately $25,000
Tesla Model 3
For an electric sedan, the Tesla Model 3 is the top pick. It features a spacious interior and available advanced driver assistance systems that can reduce fatigue during traffic-heavy drives. Easy access to Tesla's vast network of Supercharger fast-charging stations is a key advantage, and the popularity of Teslas ensures a wide selection of used Model 3s.
Tip: Tesla updated the Model 3 for 2024, so if budget permits, aim for a 2024 model or newer to benefit from the latest interior and exterior styling, new features, and improved comfort. The Model 3 is typically available in base, long-range, and powerful Performance versions.
Average 2022-2024 pricing: approximately $26,000
Audi E-tron
The Q8 E-tron, introduced for the 2019 model year as Audi's first mass-produced EV, remains a solid choice for those seeking a luxury electric SUV at a non-luxury price. It offers standard all-wheel drive and numerous upscale features, including leather upholstery, ventilated front seats, and a premium sound system.
Tip: The main drawback of the E-tron is its range; a 2023 model achieves only an EPA-estimated 226 miles. If possible, invest in a 2024 version, renamed the Q8 E-tron, which sees a significant increase to 285 miles of range.
Average 2022-2024 pricing: approximately $34,000
Edmunds' Final Thoughts
Buying a used EV makes considerable financial sense. For those hesitant due to battery replacement costs, it is worth noting that EVs typically come with an eight-year or 100,000-mile battery warranty, with some brands offering additional coverage.
This story was provided to The Associated Press by the automotive website Edmunds. Michael Cantu is a contributor at Edmunds.
