The used EV market in 2025 is thriving. Recurrent’s Q3 2025 report notes that inventory of used EVs has grown 50% since early 2024, yet prices remain stable and supply is tightening (recurrentauto.com). About 34% of listed used EVs cost under $25,000 and roughly 45% of listings are 2023 – 2025 models. More affordable used EVs are also eligible for the Used Clean Vehicle Credit, a federal tax incentive worth up to $4,000 for EVs priced below $25,000 (irs.gov). Buyers can transfer this credit to the dealer to lower the purchase price at the time of sale.
The market is being driven by lower battery costs and expanding supply. Battery prices have fallen roughly 20% since 2022, and automakers offer generous battery warranties. According to Apex Mechanical, new EVs lose up to 50% of their value within two years, which means used EVs often sell for $2,000 less than comparable gasoline cars. Recurrent notes that a significant portion of used EVs still qualify for manufacturer warranties, and many can qualify for a $4,000 tax credit when resold.
Key factors to evaluate
- 1. Battery health and range. Unlike gasoline engines, an EV’s battery pack determines much of its value. Most EVs carry 8‑year/100,000‑mile battery warranties, but capacity can decline over time. Recurrent’s reports or third‑party scanners can measure battery state of health. Apex Mechanical stresses the importance of driving the car with less than 80% charge to see how quickly the range drops and to inspect the battery for damage (apexmechanicalbg.com).
- 2. Tax credit eligibility. To claim the $4,000 used EV credit, the car must be at least 2 years old, cost $25,000 or less, and the buyer’s income must be below $75k (single) or $150k (joint). The credit can be transferred to the dealer at purchase or claimed on your tax return. Only the first resale qualifies.
- 3. Charging capability. Verify the vehicle supports the charging standard you need (CCS, NACS or CHAdeMO) and ask for the original Level 1 and Level 2 charging cables. Many used EVs have CCS or NACS connectors; Tesla will open its Supercharger network to other brands by 2026.
- 4. Maintenance and software support. EVs require less maintenance than gasoline vehicles because they lack oil changes, timing belts and spark plugs. However, software updates are critical. Ask whether the car receives over‑the‑air (OTA) updates, and ensure that the previous owner did not bypass or disable features. Check for recalls and ensure the car’s digital services (navigation, entertainment) are still supported.
- 5. Total cost of ownership. Factor in home charger installation (~$1,000), electricity rates and insurance. Some utilities offer off‑peak EV rates. Avoid paying a premium for features you won’t use; for example, long‑range trims may not be necessary if you drive mostly locally.
Popular used EVs to consider
- Tesla Model 3/Y (2019–2022) – Early examples now start around $25k. They offer long range, reliable Supercharger access and receive frequent software updates. Check for warranty coverage on battery and drive unit.
- Chevrolet Bolt EV (2017–2022) – The Bolt’s recall‑replaced battery pack often comes with a brand‑new 8‑year warranty and offers 259 miles of range. Prices have fallen sharply since new Bolt production ended.
- Hyundai Kona Electric (2019–2022) – Compact crossover with 258‑mile range and Hyundai’s 10‑year battery warranty. Ensure software and battery recall updates have been performed.
- Nissan Leaf (2018–2022) – Good for city driving, but early models have shorter range (150 miles) and lack active battery thermal management. Later 62 kWh models reach 226 miles.
- Ford Mustang Mach‑E (2021–2023) – Used examples can be good value if they have not undergone too many software recalls. Check warranty coverage and confirm DC‑fast‑charging capability.
Editorial recommendations
Used EVs present an excellent opportunity to save money and reduce emissions, but buyers need to do their homework. Request a battery health report, verify tax‑credit eligibility and make sure charging options suit your lifestyle. Consider vehicles with transferable battery warranties and avoid cars with salvage titles or third‑party battery modifications. When properly vetted, a used EV can provide cutting‑edge technology and low running costs at an affordable price.
Prepared by Willie Redmond from Yeah! Motor editorial team. All information is based on data available through June – July 2025.