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9 Used EV Models for Under $8K in 2024

Each year, EVs get cheaper: Here are nine EVs that you can buy used for under $8,000.

Jake Hertz

January 29, 2024

9 Slides

As electric vehicles (EVs) become more widespread and companies ramp up their production, the prices of these vehicles should become more affordable. This phenomenon, often attributed to economies of scale and technological advancements, leads to a broader consumer base as the products become more affordable.

However, the post-COVID era has introduced unique variables into this equation. Supply chain disruptions have had a dual impact on the EV market. On one hand, they have constrained the production of new EVs, potentially keeping prices high due to limited supply. On the other hand, these disruptions have unexpectedly led to an oversupply of certain models in the market, particularly as consumer preferences and economic conditions shift.

This dynamic is reflected in the current state of the used EV market. Reports indicate that dealerships are struggling to sell off their EV inventories, leading to a significant reduction in the prices of used EVs. This trend presents an intriguing opportunity for consumers and a challenging scenario for the automotive industry. It's crucial to analyze not only the price changes but also the underlying factors contributing to this situation, such as consumer sentiment, technological advancements in EVs, and the broader economic context.

Related:10 Used EV Models for Under $15k in 2023

One year ago, we listed 10 used EV models that were available for purchase for under $15,000 in 2023. Now, we’re going to update our list to see how things have changed and just how cheap used EVs are in 2024: Read on to learn about 9 used EV models for under $8,000 in 2024.

About the Author(s)

Jake Hertz

Jake Hertz is an Electrical Engineer, Technical Writer, and Public Relations Specialist. After he received his M.S. and B.S. in Electrical and Computer Engineering from the University of Rochester, he spent three years working as an Electrical Engineer at MakerBot Industries. 

As a writer, Jake is well known for his frequent contributions to various engineering websites, where he has garnered readership in the tens of thousands. Through his business, NanoHertz Solutions, Jake works with cutting-edge companies in the hardware and semiconductor space to build industry buzz and awareness through Public Relations and Technical Writing services.

As an engineer, Jake now works with numerous startups to help develop their hardware products. He is also a Co-Founder of Origin Labs, a NYC-based design firm for tech startups in the hardware space.

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