Used cars cost more than ever, but there is an exception to this. Used electric vehicles (EVs) may appear to be a bargain in today’s used car market.
A woman in Florida purchased a used 2014 Ford Focus Electric for $11,000. It had 60,000 miles on it. After driving it a few months, lights started flashing on the dashboard—this indicated a problem with the battery. Her battery needed to be replaced. But the replacement was $14,000. The battery was worth more than the car.
Electric vehicles have lithium batteries. These batteries have a finite lifespan. How long will a lithium battery last, and what is a replacement’s cost? Further, what happens to that battery when it’s depleted?  All these factors will influence whether you—and the environment—are really getting a deal on that electric vehicle….