Why is the end of this year the best time to buy an electric car? Supply has caught up with demand.

Less than six months ago, you could purchase an electric car, flip it for a profit, or drive it for a year, sell it, and break even. Those days are over.

Yes, specialty electric cars, trucks, and SUVs can still be resold on the used market for a premium (Corvette E-Ray, F150 Lighting Platinum, Rivian R1S) or command a premium at the dealership, but their days are also limited.

Tesla has just dropped pricing on its Model Y Performance by 20%. That’s for a new one directly from Tesla.

But men rarely buy new vehicles because of the historical drop in value as soon as they step out of a car dealership. Instead, we let other people eat the value drop and offer them much less for their used car.

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3 Used Electric Cars to buy at the End of the Year

If you have others, you’re welcome to send them to me, and I’ll post an update.

1. Any Tesla. They’ve stopped doing major innovations and have resorted to over-the-air software updates after the Plaid was released. Because of this, it no longer matters if you buy new or used; the external styling has stayed the same. Why not pay as little as possible and save money for something else?
2. Bolt EV. Suppose you need a vehicle to get you and your stuff from your home to work and out to dinner. If that’s the case, it’s the least expensive option while retaining much functionality. The benefit is that GM has been building electric vehicles longer than anyone.
3. 2022 F-150 Lightning Pro. Need a work truck in the shape of a pickup? With 426 horsepower and 775 lb-ft of torque, the Lightning Pro has a maximum driving range of 230 miles from the EPA. Yes, the range will drop substantially if you load up your front trunk and rear bed with a lot of equipment. Add towing to the equation, and the driving range falls further. But as Amazon calculated their range needs when ordering their specialty delivery EVs from Rivian, the same math will likely apply to you: most people drive less than 100 miles daily. Very low mileage (less than 1,000 miles) used versions already cost 6% less than a new 2022 model, and the depreciation keeps increasing–each month.

Electric Cars and Relationships?

What does one have to do with the other? It’s a matter of perception. If you’re confident enough to buy one of these used vehicles, you’ll attract the type of woman who is into you, not what you drive. Consider it a step in your screening process–more about this in a future article.