New Long-Range Rear-Wheel Drive Tesla Model 3 Launched
The American auto giant is accepting orders and the deliveries will commence in August or September.
Tesla Model 3
Shipments Of China-Made Tesla EVs Down By 24% Y-o-Y
The imminent tariffs on Made-in-China EVs by the West seem to have an adverse effect on the production at Tesla Giga Shanghai.
2 in Top 5 Used EVs Come From Tesla as Used Car Industry Grows
The used electric car industry is growing strongly as more EVs get old and people have the option of choosing new models. In a recent study, it was found that 2 in every 5 used electric cars belong to Tesla. Now, that shouldn’t be a huge surprise for anyone. Tesla is the largest EV maker in the world. It has been widely regarded as the poster boy for the electric mobility revolution across the globe for almost a decade. As the EV market matures, we are bound to have a surge of EVs in the user car market. The trend of people opting for used electric cars is in an upward momentum. Let us glance at the top 10 used electric cars in the U.S. at the moment. You might also like: StoreDot and Polestar Achieve 10-Minute Charging w/ Si-Dominant Cells Top 10 Used Electric Cars The top 2 spots are reserved by Tesla Model 3 and Model Y, respectively. These are followed by the Nissan Leaf, VW ID.4 and Ford Mustang Mach-E at numbers 3, 4 and 5, respectively. The bottom half of the table is dominated by Audi e-tron, Chevrolet Bolt EUV, Bolt EV, Tesla Model S and Hyundai Ioniq 5, respectively. Hence, in total, there are 3 Tesla cars in the list of top 10 used electric cars on sale in the U.S. at the moment. Fun fact, the Tesla Model X fell out of this list this time around. Moreover, user car giant CarMax reports that searches for EVs on its website grew by 177% between 2021 and 2024. Also, the top vehicles which were traded-in include Ford F-150, Honda Accord, Honda Civic, Toyota Prius and Tesla Model 3. EV Average Price Tesla Model 3 $34,045 Tesla Model Y $43,896 Nissan Leaf $18,465 VW ID.4 $31,576 Ford Mustang Mach-E $38,713 Audi e-tron $41,205 Chevrolet Bolt EUV $26,776 Chevrolet Bolt EV $22,564 Tesla Model S $45,574 Hyundai Ioniq 5 $37,036 Top 10 User Electric Cars in the U.S. You might also like: Failure Rate of Modern EV Batteries is 0.1% – Study Learn Electric Cars Says With the expanding EV market across the globe, the used car industry is bound to experience a boost. However, things can get a bit complicated with EVs due to the astronomical expenses attached to battery replacement. I am particularly intrigued to see how will that shape the mindset of potential buyers. We know that battery replacement is the biggest cost associated with the ownership experience of electric cars. Generally, carmakers offer a warranty of around 150,000 – 200,000 km or 8 years (whichever is earlier). Therefore, if EVs are available well before that time period, people would be comfortable spending money. But I don’t see a scenario where anyone would want to risk it near the 8-year mark. Let’s see how things pan out in this regard going forward.
Would You Buy A Used Tesla Model 3 For $13,700?
Even though mass volumes in EVs are not prevalent, there are still opportunities to purchase used Tesla cars for an absolute bargain! If you ever wanted to buy a Tesla Model 3, even if it is a used model, this might interest you. A prominent car rental company, Hertz is offering some units from its fleet with prices starting as low as $17,700. Now, after applying the IRA credit, this amount could drop down to a mouth-watering $13,700. That is a bargain if I ever saw one. But what could be some things to watch out for? You might also like: Tesla Cybertruck Issues With CCS Adapter, Slow Charging Will You Buy Used Tesla Model 3? Car rental agencies selling some vehicles from their fleets is not uncommon. In fact, they often do so to make room for new cars and still gain some revenue by clearing their stock. Often times, they just want to upgrade their fleet to the latest models. In any case, such scenarios create opportune times for potential car buyers to get cars at massively discounted prices. Sure there is a high mileage on these cars. But that is a trade-off a lot of people are willing to make, depending on their personal siutation. Warranty of Tesla Cars Tesla offers a 100,000-mile warranty on the battery. That is the critical decision one needs to make. Battery is the single most expensive component of an electric car. If it needs to be changed for any reason, it will be a huge expenditure. To make things slightly better for the potential buyers, Hertz is offering a 12-month, 12,000-mile limited warranty on all cars it is selling. If you wish to experience a Tesla for a limited period of time, this might not be a bad opportunity. Note that most batteries run well beyond their warranty periods if kept in a decent condition. You might also like: Top 5 Upcoming Electric SUVs in 2024 – Part 2 Potential Issues With Used EVs Since we are discussing how enticing such offers could be, it makes sense to glance through the potential problems that could crop up after buying a used electric car as well. These don’t just apply to this Tesla deal but to an overall situation before buying any used EV. You might also like: Tesla Model Y Facelift In China By Mid-2024, Other Markets To Follow Learn Electric Cars Says We understand the temptation one might have when they come across such attractive offers. In fact, that is not just limited to EVs. People often opt for this route to buy luxury cars. But the issues with luxury cars are also the same. Even though the initial cost might be low, the maintenance costs could get absurdly high. With EVs, there is an additional cause of worry due to the battery prices. Hence, you must do your due diligence before making this huge decision. We hope you think clearly as per your needs whether you should buy a used Tesla Model 3 or not.