Used EVs Look Like A Steal, Until You Pay Repairs And Insurance Premiums

Used EVs Look Like A Steal, Until You Pay Repairs And Insurance Premiums

Data suggests that the average used EV costs just ~$1,000 more than a used ICE car. Analysts warn that there are some hidden costs of running an EV that need to be considered. Components, accident repairs, and insurance cost more on average for EVs than for ICE vehicles. In the past, used EVs may have been considered a bit of a gamble, especially if they were packing a few years under their belt. But things are changing. A report from Cox Automo…