It’s not just old EVs that are cheap, it’s 1-3 year old low mileage off lease models too.

My numbers may a bit out of date but for example, depending on the trim and mileage, the Nissan Ariya can be be had at between $15-$25k (with MSRP being over double that) and they only started selling those in 2023. Ariya’s thus far have shown great battery degradation too, with high mileage drivers (Uber etc) reporting 99% capacity.

And that’s just one model. There’s also Kia EV6/EV9, Hyundai Ioniq 5/9, VW ID.4, Mustang Mach-E, and several others of a similar vintage that are similarly deeply discounted despite low miles.

It’s thanks to the many lease deals, tax rebates, etc bringing down their market value.