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Cheap EVs are about to flood the used car market. Will more buyers make the switch from gas?

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Why This Matters

The influx of affordable used electric vehicles (EVs) is poised to make EVs more accessible to a broader range of consumers, potentially accelerating the shift away from traditional gas-powered cars. This development could reshape the automotive industry by increasing EV adoption and encouraging automakers to focus more on electric technology. For consumers, it offers an opportunity to switch to cleaner, cost-effective transportation options at a lower upfront cost.

Key Takeaways

If you need a car, this is a good time to buy a used EV. A surge of affordable used EVs is about to hit the market—at exactly the same time as drivers are looking to avoid high gas prices.