Info that you should know before buying a used EV
🔋Info that you should know before buying a used EV.
The used electric vehicle (EV) market is gaining attention due to attractive tax breaks and incentives available to buyers. The Inflation Reduction Act in the United States offers up to $4,000 in federal tax rebates for the purchase of a used EV, and many states provide additional discounts. However, despite the benefits, dealerships often lack knowledge about these perks, creating challenges for buyers. Experts suggest that used EVs can be a great deal as they offer fuel savings, potentially lower maintenance costs, and reduced depreciation. To accelerate the adoption of EVs, it is crucial to make more used EVs available, improve awareness among dealerships, and simplify the process of accessing tax breaks.
South Korea has welcomed the U.S. decision to extend electric vehicle tax credits for cars containing Chinese graphite until 2026.