While new EV sales in the US are expected to slow drastically when federal purchase incentives up to $7,500 disappear at the end of the month (Image source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

A year ago, the new Ford Mustang Mach-E GT had a sticker price around $55,000. A month ago, Jeff Craig, a retired realtor, bought a slightly used 2024 version for $33,000. In exchange for 12 months and 13,000 miles, Craig got a 22% discount.

“I really did want an electric vehicle and I never had any intention of buying new,” he said. “And I know what the depreciation is on any new vehicle, but I also had noticed the depreciation on the EVs appeared to be considerably more than a gas engine.”

While new EV sales in the US are expected to slow drastically when f

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