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New electric vehicles cost thousands more than similar models that run on gasoline. But a growing number of shoppers are discovering that for used cars, often the opposite is true.
Used battery-powered vehicles often sell for less than comparable cars with internal combustion engines, making them a good deal even before calculating savings in maintenance costs and fuel. That is expanding the number of people who can afford to buy such models.
Sales of used electric vehicles rose 40 percent in July from a year earlier, according to Cox Automotive, a research firm.
Chinese EVs have massive tariffs in the west, so I wouldn’t count on this actually happening, unfortunately.