The deals on used electric vehicles right now are shocking.

In 2017, a brand-new Nissan Leaf carried a price tag of about $35,000; today, that same car is yours for less than $6,500. This story repeats across the market. A Hyundai Kona that rolled off the showroom floor in 2021 for more than $43,000 has fallen below $16,000 . Even newer models aren’t spared from this kind of depreciation. Take the 2024 Hyundai Ioniq 5 : it debuted with a sticker close to $62,000, but after 8,000 miles and less than 12 months on the road, at least one is selling for around $37,000. The drops are even starker in the luxury segment. An Audi e-Tron GT supercar that cost about $124,000 just three years ago is now offered at $52,000. All of this is before government incentives that could bring costs even

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