There really was a huge increase in the number of EV models available between model years 2018 and 2023.
So now, when you’re looking to buy a 3-year-old car, you have so many more EV options to choose from even compared to just 2 years ago.
You can choose different form factors (small cars, sedans, wagon/crossover/small SUVs, medium SUVs, literal pickup trucks), and basically any price tier from economy to ultra luxury high end.
Not every ecological niche was filled in the past 5 years, and some still need a bit more competition, but even with some pullback over the last year there are still plenty of new EVs hitting new categories (e.g., true three-row SUVs and minivans) that will feed into tomorrow’s used market.
And not every model will survive. The future of all-electric full size pickups looks pretty grim. Some entire companies might not survive the EV transition (looking at you, Honda). But overall, the used market will fill out with what was hitting the new market 5-10 years ago, and we’ll start to see a lot of consumer preferences start showing what the future of cars will look like.
There really was a huge increase in the number of EV models available between model years 2018 and 2023.
So now, when you’re looking to buy a 3-year-old car, you have so many more EV options to choose from even compared to just 2 years ago.
You can choose different form factors (small cars, sedans, wagon/crossover/small SUVs, medium SUVs, literal pickup trucks), and basically any price tier from economy to ultra luxury high end.
Not every ecological niche was filled in the past 5 years, and some still need a bit more competition, but even with some pullback over the last year there are still plenty of new EVs hitting new categories (e.g., true three-row SUVs and minivans) that will feed into tomorrow’s used market.
And not every model will survive. The future of all-electric full size pickups looks pretty grim. Some entire companies might not survive the EV transition (looking at you, Honda). But overall, the used market will fill out with what was hitting the new market 5-10 years ago, and we’ll start to see a lot of consumer preferences start showing what the future of cars will look like.