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I just picked up a used 2021 Hyundai Kona EV back in December. It had been leased for a corporate fleet and only had 28K miles on it. After the federal tax cred
by entropicdrifter 2y ago
I just picked up a used 2021 Hyundai Kona EV back in December. It had been leased for a corporate fleet and only had 28K miles on it. After the federal tax credit for used EVs ($4000, paid directly to the dealership so they just applied it like a discount), it was less than half of the original price of the car.
I reckon a good chunk of the depreciation is due to the original federal tax credit of $7,500 for new BEVs was also applied to the lease costs, so all-in-all roughly half of the ~$20,000 of depreciation was from tax credits in my case.