jeff said:
@Randy
Are there any other cars from that time period that were much worse?
The Model 3 SR with LiFePO4 batteries and some of the early ID.3 models come to mind. They were slow chargers compared to today’s options.
Mark said:
Poor financial planning? Or maybe the short lease terms? Still driving my 2022 Ioniq 5 and plan to keep it until it’s done for.
The used EV market works out well for me – I’m hoping to pick one up next year.
Where are you located? I’m in a major metro area and can only find about five within 50 miles.
olivia said:
Where are you located? I’m in a major metro area and can only find about five within 50 miles.
Same situation here in Oregon. I’m keeping an eye on the Ioniq 5, especially with Hyundai joining the Tesla charge network. Not seeing too many used options though.
It’s not just the Ioniq 5; you’ll find a lot of used Niros and Konas too. Any EV model that leased well ends up flooding the market when those leases return. EVs depreciate quickly now, but people might catch on to the low maintenance soon, which could help values hold up better.
@Maria
Let’s keep that info quiet!
@Maria
I think another gas crisis will drive up used EV prices even more than new ones, at least temporarily.
jessicah said:
@Maria
I think another gas crisis will drive up used EV prices even more than new ones, at least temporarily.
I wouldn’t count on it. Oil prices have been stable, and it would take a lot for a drastic increase. https://oilprice.com/Energy/Energy-General/Citi-Sees-Oil-Prices-Dropping-to-60-Under-Trump.html
@Maria
The tech in EVs is still advancing fast. Battery improvements over the last decade show we still have room to grow, so I expect it’ll take another 10 years or so to reach a stable market.
@Maria
Less maintenance is great but let’s be honest, long charging times can make up for it. I think some of the ‘no maintenance’ claims are oversold.
MAKENA said:
@Maria
Less maintenance is great but let’s be honest, long charging times can make up for it. I think some of the ‘no maintenance’ claims are oversold.
That’s why most people just charge at home overnight. No extra time needed.
@Imani
Exactly, I only use fast charging on long trips, maybe three times a year. The long charge time argument is a bit exaggerated.
Maria said:
@Imani
Exactly, I only use fast charging on long trips, maybe three times a year. The long charge time argument is a bit exaggerated.
It’s a valid concern for those who road trip often, though. The more rural areas could use more chargers too.
MAKENA said:
@Maria
Less maintenance is great but let’s be honest, long charging times can make up for it. I think some of the ‘no maintenance’ claims are oversold.
There’s also no muffler, no exhaust, no spark plugs, no timing belts… the savings add up over time!
@Maria
Actually, this is my fourth EV! 
If you can hold off, wait until January 1, 2025, for a used EV credit on 2023 models. Keep in mind, 2024 models won’t qualify until later.
diallo said:
If you can hold off, wait until January 1, 2025, for a used EV credit on 2023 models. Keep in mind, 2024 models won’t qualify until later.
Thanks for the heads up, I didn’t realize that!
@kwame
Make sure you qualify for the income limits too – $150k for married couples, $75k for singles.
diallo said:
If you can hold off, wait until January 1, 2025, for a used EV credit on 2023 models. Keep in mind, 2024 models won’t qualify until later.
They’ll need to be under $25k, right?