Cheap Americans Want Electric Cars, Fastest Selling Used Vehicles In US

A lot of Americans might like to pretend that they don’t like electric cars, but according to new research, EVs are the fastest-selling used vehicles in the US. Six of the ten used models that sell the most are EVs, with the Fiat 500e standing at the top. This means that Americans do want electric cars, they just want them at a cheaper price.

The study was conducted by iSeeCars, and it was found that Americans would like to buy electric cars if only they were cheaper. This is evidenced by the fact that the top ten used cars that are selling out fast include the BMW i3, the Toyota Prius Plug-In Hybrid, and the Tesla Model S.

According to iSeeCars CEO Phong Ly, Americans are more willing to buy used electric cars because they are much cheaper compared to new ones. For example, the Fiat 500e has an average price of $9,055 for a one to three-year-old model. With that kind of price and the efficiency that the car still offers, it’s no wonder that it’s number one on the list.

What is surprising, however, is the fact that the Tesla Model S actually made it at number ten. Even with the used car price, a reasonably well-preserved unit would cost anywhere from $40,000 to $80,000. Of course, this depends on the type of Model S and how old it was when it was sold by the owner.

“Tesla’s popularity, along with the scarcity of the Model S on the used car market, is probably driving prices up while cars continue to sell quickly,” Ly speculated on the report.

While more data is needed in order to corroborate what iSeeCars has already concluded, this study does offer indications of higher interest by Americans in buying electric cars. The only thing stopping these vehicles from overtaking traditional vehicles is the price, Futurism notes. If electric cars become as cheap as gas-guzzling sedans, it’s likely that their sales numbers would skyrocket.