Today’s Solutions: June 26, 2022

A few days ago, The Optimist Daily published a story about a few things to keep in mind when buying an electric vehicle. Along with gas prices, the popularity of electric cars is rising, but EVs have been on the rise since before the crisis. Now, thanks to that demand, if you’re in the market for a new EV, you might find yourself waiting longer than you’d like. The last piece of advice in Tuesday’s story was possibly buying a hybrid or a used EV for the time being, and this is starting to sound like an even better idea. 

Used EVs, not like other used cars

Buying a used electric vehicle today is much different from buying a used gas-powered vehicle fifteen years ago. Factories today are working harder to make their cars last as long as possible, with warranties as long as they’ve ever been.

Ever-advancing technology continues to improve battery packs on EVs. Within the 10 to 20 years of an EV battery’s life, the car could cover up to 150,000 miles. That’s more than a fair lifetime mileage, even for a non-electric car. 

By buying an EV, you will still be buying an efficient and clean-energy machine that also has an even longer lifespan compared to cars of the past. Not only that, but you will also be buying it, obviously, for less money. 

A car’s value decreases about 20 percent when its first owner drives it home. In the UK, there are three used cars sold for every new one. A bit of extra good news is that with increased efficiency, the old standard of price devaluation might actually favor the consumer with an even better product. 

Upcycling EVs

As the EV market continues to evolve, the recycling and reusing aspect of its economy is developing as well. People are catching on to old tricks in new areas, saving more money while doing less damage to the environment. Additionally, the smart and eco-friendly thing to do is to upcycle. 

Used EVs are sold on used car websites just like all the gas-powered cars of the past.

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