Flood of Used EVs Hitting Market Set to Make Electric Vehicles More Affordable and Mainstream
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A flood of used electric vehicles, especially Teslas, is hitting the market as rental car companies and leasing companies sell off inventory. This will significantly lower prices.
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Lower used EV prices could convince more consumers to go electric, especially those citing cost as a barrier to adoption.
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Rideshare drivers have already begun adopting used EVs in large numbers when offered incentives. This trend could spread.
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As used EVs proliferate, more data will emerge on real-world range, charging infrastructure, maintenance costs. This could ease consumer worries.
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Early used EV adopters can serve as pioneers, demonstrating the viability and value proposition to hesitant drivers considering an EV.