• Follow us

Automotive

Now on the Used Car Lot: Great Electric Vehicles for Cheap

Any argument about the future of the electric vehicle market is likely to include one statistic: In the US, battery-powered cars make up fewer than 2 percent of new vehicle sales. That desultory number, though slowly increasing, makes clear that, for all the technology’s upsides in performance, design, and environmental impact, consumers remain skeptical of the high prices and limited range that come with a charging cord.

But new data shows that EVs are starting to catch on in an often overlooked part of the industry. Used-car shopping site Shift says that in the first half of this year, electrics tripled their share of sales compared with the same period of 2018, to 4 percent. Add in hybrids and the number gets more impressive. “Twenty percent of what we sell is hybrid or electric,” says Shift co-CEO Toby Russell.

Russell notes that Shift’s online sales model tends to attract a younger, coastal clientele, so those figures may not match the national mix. But they should encourage those eager to see the US move toward a cleaner way of getting around town, because the pre-owned space is where cars really move off the lot. In 2018, Americans bought 17.3 million new cars and 40.2 million used ones. A significant increase in used EV sales indicates not just that more people want to go electric, but that, nearly a decade after the Nissan Leaf and Chevrolet Volt first went on sale, battery-powered rides have been around long enough, and become popular enough, to become affordable and widely available to secondhand drivers.

“While EVs are far from mainstream, we’re starting to see them expand past the bleeding edgers,” says Karl Brauer, an industry analyst with Kelley Blue Book. “Partly because used EVs are so inexpensive.” Indeed, it’s easy to find a Nissan Leaf or Fiat 500e on Shift for well under $10,000. And while those cars offer ranges around or below 100 miles (the 2019 Leaf reaches over 200), that limitation stops their owners from racking up serious mileage. That, plus EVs’ minimal maintenance requirements compared with engine-powered cars, should ease worries about spending extra money to keep them running.

Federal and state tax credits also help on the pricing front. A California driver can take $14,500 off the sticker price of a new electric car, a point that used car dealers account for. A Nissan Leaf’s MSRP might be $30,000, but a dealer will buy and sell it as if it were a $15,000 car that, like the average ride, loses about 50 percent of its value after a few years. (Newer and longer-range EVs like the Tesla Model S and Chevy Bolt EV hold their value better, Brauer says.)

The steady growth of new electric sales helps, of course, by increasing the supply reaching the used marketplace. That will only continue to climb as automakers like Ford, GM, and Volkswagen promise to deliver dozens of new battery-powered models in the next few years. “You’re just more likely to stumble across a used EV” along with a tempting price, Brauer says. “If you’re the slightest bit curious, it’s not gonna cost you much to give it a try.”

Curiosity is on the rise, says Joe Wiesenfelder, executive editor at online car marketplace Cars.com, based on what his site’s visitors are searching for. The American public has taken a while to catch on—many consumers worry that the car’s range and power will drop as the battery ages, despite a lack of supporting evidence—but there are great deals for the brave (or informed). “Anyone who’s not afraid of these things gets a crazy value,” Wiesenfelder says.

The first models of the electric Nissan Leaf appeared nearly a decade ago.

Nissan

Zippy acceleration and an eco-friendly reputation are nice, but in a country where so many people have to drive, it’s value that will determine how many battery-powered cars end up in American driveways. “Ultimately,” Wiesenfelder says, “consumers are going to be more concerned about saving money than saving the environment.”

More Great WIRED StoriesWhy “moon shot” has no place in the 21st CenturyIt Came From Something Awful blames 4chan for TrumpThe twisted paths of “Global Girl” and the Lolita ExpressHe cyberstalked girls for years—then they fought backThe 20 most bike-friendly cities on the planet, ranked✨ Optimize your home life with our Gear team’s best picks, from robot vacuums to affordable mattresses to smart speakers.📩 Want more? Sign up for our daily newsletter and never miss our latest and greatest storiesRead More



Leave A Comment

More News

WIRED

Self-Driving Trucks Are Ready to Do Business in 2019-08-06 07:00:00Kodiak Robotics will begin commercial service between Dallas and Houston, though a host of other self-driving startups have already been testing in th

Now on the Used Car Lot: Great Electric 2019-08-05 07:00:00Used car shopping site Shift says EVs accounted for 4 percent of sales in the first half of 2019, triple their share of a year ago.

Hand-Crafted Bentleys, a Climate Bill, and More Car 2019-08-04 09:00:00A $287 billion transportation bill approved by a Senate committee includes $10 billion for preventing and mitigating the effects of climate change.

This Startup Wants to Tame the Chaos of 2019-08-03 07:00:00Everyone vies for curb space: taxis, Ubers, delivery trucks, buses, bicycles, and residents. In Washington, DC, CurbFlow is testing spots reserved via

The Senate's Transportation Plan Reckons With Climate Change 2019-08-01 07:00:00America's Transportation Infrastructure Act, approved by a Senate committee this week, includes $10 billion to prevent and mitigate the effects of cl

Self-Parking Garages, Robovans, and More Car News This 2019-07-28 09:00:00Bosch and Daimler introduce a garage where cars park themselves, carmakers sign on to tough mileage standards, and a Ford F-150 tows a train.

Tour the Factory Where Bentley Handcrafts Its Luxury 2019-07-27 07:00:00While a major auto plant can stamp out thousands of cars a day, Bentley makes just a few dozen, with a heavy dose of TLC.

This Robo-Van Startup Will Handle Walmart's 'Middle Mile' 2019-07-26 07:00:00Gatik isn’t a long-haul trucker and doesn’t want to transport people. It’s hoping to carve a niche moving goods from warehouses to s

California's Auto-Emissions Deal Could Trump the Feds' Plans 2019-07-25 20:30:05Ford, Honda, Volkswagen, and BMW agree to tougher California mileage standards, potentially disrupting Trump’s proposal to relax US rules.

UPS Wants to Unleash Drones, a Galaxy Fold 2019-07-25 19:26:51Catch up on the most important news from today in two minutes or less.

UPS Wants to Go Full-Scale With Its Drone 2019-07-25 08:00:00The delivery giant is done experimenting and is petitioning the FAA for the right to launch revenue-generating drone flights without today’s res

Tesla Delivers More Cars—and More Losses 2019-07-24 20:56:23The electric vehicle maker said it set a record for deliveries, which more than doubled from a year earlier. But few were luxury models, leading to a

Automotive News Breaking

GM wins victory in ignition-switch defect litigation 2019-08-07 12:29:54The judge's decision to narrow claims is a defeat for owners who said they suffered economic losses from buying vehicles they thought were defect fre

GM schedules temporary layoff for Canada plant, shift 2019-08-07 11:30:02The cutbacks by General Motors in Canada and Mexico come amid declining new-vehicle sales in North America and in other markets and as trade tensions

Trump bid to ease efficiency rules would hike 2019-08-07 11:21:30A Consumer Reports analysis counters the administration’s assertions that its plan would reduce traffic fatalities and boost highway safety, and

BMW-Great Wall JV faces China regulatory uncertainties 2019-08-07 10:19:37The Chinese automaker said the venture was proceeding as planned despite the uncertainties. Automakers and suppliers in China are currently scrambling

Toyota turns to AI startup to accelerate goal 2019-08-07 07:16:16Toyota and Preferred Networks Inc. said they will carry out joint research to develop so-called service robots that are "capable of learning in typic

Tesla scrutinized by U.S. agency over Model 3 2019-08-07 06:58:31NHTSA lawyers took issue with an Oct. 7 Tesla blog post that said the Model 3 had achieved the lowest probability of injury of any vehicle the agency

Lynk & CO boss outlines European launch plan 2019-08-07 06:35:36Instead of creating a traditional dealer network, the Geely-owned brand will offer subscriptions to customers, market its cars online, and sell throug

Continental seeks deeper cost cuts as Q2 profit 2019-08-07 06:33:43Supplier points to a "highly challenging" market with falling car sales in Europe, North America and China, and steep investments for electric and a

Potential buyer for idled GM Ohio plant reports 2019-08-06 12:48:43Workhorse Group Inc. had just $6,000 in sales during the three months ended in June, down from about $171,000 a year earlier. Shares in the compa

Adient quarterly earnings plunge, but shares rise 32% 2019-08-06 11:59:41Adient, despite a major drop in quarterly earnings, noted new business wins with GM, Ford, Volkswagen and Kia. Shares rose nearly 32 percent on the ne

Automobili Pininfarina CEO outlines lineup expansion plan 2019-08-06 06:22:17The order that the new cars will appear will be dictated by potential customers who will be shown body style examples based on past concepts. The

Bosch sees stagnating sales, job losses as auto 2019-08-06 06:14:20Bosch CEO Volkmar Denner foresees stagnation in vehicle production in the coming years. "The tailwind is gone," he said, adding that this will affec

RSS Autoplus.fr

Impatient et excédé, il force le barrage ! 2019-08-07 12:46:09Un automobiliste a forcé un barrage dans le Maine, aux Etats-Unis. Le drame est évité de justesse. Vidéo.

Pourquoi circule-t-on à gauche ou à droite ? 2019-08-07 10:43:46VIDEO. Pourquoi dans certains pays roule-t-on à droite et dans d'autres à gauche ? Réponse en images.

Pour Clarkson, la Lexus LFA reste la meilleure 2019-08-07 08:24:13Pour Jeremy Clarkson, il n'y a pas mieux que la Lexus LFA et son V10 mélodieux. Vidéo.

Tushek va présenter sa nouvelle TS 900 H 2019-08-07 07:33:13Le petit constructeur slovène Tushek va présenter une nouvelle version "H" de sa TS 900 APEX.

Fast and Furious : "Hobbs and Shaw" est 2019-08-07 06:41:19VIDEO. "Fast and Furious : Hobbs and Shaw" vient de sortir au cinéma.

Hyperdrive, le show déjanté signé Netflix [VIDEO] 2019-08-07 06:00:36Rendez-vous le 21 août prochain, sur Netflix, pour le premier épisode du show Hyperdrive ! Bande-annonce !

Bison Futé : un samedi 10 août classé 2019-08-07 05:39:15Ce week-end du 9 au 11 août 2019 connaîtra de grosses difficultés de circulation. Voici les prévisions de Bison Futé.

La prochaine Hyundai i10 (2020) s'annonce ! 2019-08-07 04:08:59Hyundai annonce la prochaine i10 pour le salon de Francfort 2019 avec une première image.

La Renault Sandero RS (2020) se présente ! 2019-08-07 02:35:00La citadine sportive Renault Sandero RS n'est toujours pas prévue sur le marché français...

800.000$ pour ce moteur de LaFerrari sur eBay... 2019-08-06 13:00:48Le vendeur de ce moteur LaFerrari demande une somme astronomique !

F1 - Retour sur les temps forts du 2019-08-06 12:30:37La F1 est officiellement en vacances ! Avant de se mettre en pause pour quelques jours, retour sur le 12e Grand Prix de la saison 2019 : la Hongrie.&n

Un Volkswagen T-Cross coupé en prévision ? 2019-08-06 11:30:14Le SUV citadin Volkswagen T-Cross pourrait connaître une déclinaison coupé...

Motor Trend

Audi Teases Six Upcoming RS Models, But Which 2019-08-05 12:56:21Audi Sport has released a shadowy teaser of six upcoming RS performance models, which could possibly debut at the 2019 Frankfurt auto show. Based

2019 Toyota RAV4 Earns Top Safety Pick+ Award 2019-08-05 11:58:36While the Toyota RAV4 didn’t perform as well as the Honda CR-V in our recent compact SUV comparison, it has now earned an award that sets it apa

2019 Cadillac CT6-V Review: The 550-HP Blackwing V-8 2019-08-05 09:00:33Remember the Cadillac CTS-V? The supercharged, Corvette Z06–engined burnout monster that Cadillac set loose on the world a few years back? The 2

2020 Nissan Versa Review: More Attractive and … 2019-08-05 07:00:34Many Nissan Versa owners don’t care about cars. They look at its affordable starting price, sit in its spacious interior, and ask where to sign

2020 Ford Mustang Shelby GT500: 8 More GT500 2019-08-05 06:00:33Ford likes to tease information about the hot new 2020 Shelby GT500 one tiny piece at a time. And before we get ourselves behind the wheel, here are e

Honda Civic vs. Toyota Corolla vs. Mazda3: What’s 2019-08-05 04:00:29When I was 18, the keys to my freedom belonged to a Saturn Ion. Hey, stop laughing. I no longer had to depend on my dad’s CR-V or my mom’s

A $40,000, 301-HP Mini? What the JCW Clubman 2019-08-03 04:00:55The Mini John Cooper Works Clubman gets a new 301-hp engine for 2020—and a boost in price, too. After driving the updated JCW Clubman on the out

IndyCar Will Adopt Hybrid Powertrains by 2022 2019-08-02 17:31:15The NTT IndyCar Series is the latest top-flight racing organization to embrace hybrid powertrain technology. The electric power boost is set to debut

The C8 Corvette Gets Bose’s Most Powerful Coupe 2019-08-02 17:14:31The C8 Corvette’s LT2 V-8 is sure to make some delightful music on its own, but Chevrolet has once again partnered with Bose to make the ‘

Refreshing or Revolting: 2020 Chevrolet Corvette vs. Porsche 2019-08-02 15:27:47We’ve examined the 2020 Chevrolet Corvette’s design compared to its C7 predecessor, and to its exotic mid-engine rivals. Now, we’re

Automotive news - from

Indian auto industry demands government help 2019-08-07 13:09:00India's auto industry demanded tax cuts and easier access to finance for dealers and buyers at a meeting with Indian government officials on Wednesda

Daimler sets July sales record 2019-08-07 08:21:00Daimler's Mercedes-Benz said it started the third quarter of 2019 with a new sales record for July - 188,857 cars delivered (+12.7% year on year).

Renesas chips used in Nissan Skyline ProPILOT 2.0 2019-08-07 08:11:00Renesas Electronics said Nissan Motor was using its chips for the ProPILOT 2.0 system in the new Skyline unveiled on 16 July.

Volkswagen boosts Porsche SE profit 2019-08-07 07:41:00After tax profit at Porsche SE was EUR2.38bn in the first six months of 2019 compared to EUR1.90bn a year ago.

Japanese market rebounds in July 2019-08-07 07:03:00Japanese new vehicle sales expanded by 4.1% to 459,456 units in July 2019 from year earlier sales of 441,533 units, after a slight year on year declin

Russia suffers yet another monthly sales drop 2019-08-07 07:00:00Russia has posted yet another monthly fall in sales of new passenger cars and LCVs, with the market dropping 2.4% in July.

Karamba teams with Cypress for security enhancement 2019-08-07 06:49:00Karamba Security is collaborating with Cypress Semiconductor to enhance security hardening for the automotive industry.

Nidec in EV motor JV with GAC Components 2019-08-07 06:47:00Japanese electric motor manufacturer Nidec Corporation has agreed to set up a new joint venture company with GAC Components Company, a subsidiary of C

Synopsys inks deal to acquire QTronic 2019-08-07 06:34:00Synopsys has signed a definitive agreement to acquire QTronic, operating in simulation, test tools and services for automotive software and systems de

Novelis Q1 FY2020 sales down 6% to US$2.9bn 2019-08-07 05:48:00Novelis has reported first-quarter net income attributable to its common shareholder of US$127m for the first quarter of fiscal year 2020, compared to

Hanover orders 48 Mercedes-Benz eCitaro buses 2019-08-07 05:48:00Hanover public transport provider, Ustra has concluded a framework agreement for 48 Mercedes-Benz eCitaro electric buses.

Mahle stops refrigerant leakage 2019-08-07 05:29:00Mahle says its aftermarket A/C service units have an automatic leakage test function as well as connector couplings, which completely eliminate the ri


Disclaimer and Notice:WorldProNews.com is not responsible of these news or any information published on this website.