Best Used Electric Vehicles Under $25,000 in 2024: Top Picks and What to Know

The used electric vehicle (EV) market has never been more accessible—or more appealing. Whether you're motivated by rising gas prices, environmental concerns, or the long-term savings of electric driving, now is a prime time to explore pre-owned EVs. Despite the Trump administration’s decision to abolish the used clean vehicle tax credit in 2023, the market remains robust, offering thousands of options nationwide.

Initially, our series focused on bargain-basement EV prices, but the $20,000–$25,000 range opens up a world of better-equipped, higher-range models. At this price point, buyers gain access to a wider selection of vehicles, including ex-lease cars flooding dealership lots this year. This shift allows for more discerning choices, balancing affordability with performance.

Spending just $5,000 on an EV typically limits you to older models with smaller batteries and limited range. However, increasing your budget to $20,000–$25,000 transforms the search, providing access to EVs with significantly improved capabilities and reliability.

Why EVs Hold Their Value Differently

One key advantage of buying a used EV is the impact of lower residuals. Unlike traditional gasoline-powered cars, EVs depreciate faster, passing along incentives from original buyers to future owners. However, a Deloitte report reveals that EV residuals are underperforming even more than anticipated. While this may seem discouraging, it presents an opportunity for buyers to secure well-equipped EVs at lower prices.

According to Deloitte, many U.S. consumers remain hesitant about EVs due to concerns over range, charging time, upfront costs, battery replacement expenses, and public charging infrastructure. The report emphasizes that automakers and dealerships must do a better job educating buyers about battery longevity and real-world range to shift perceptions.

What to Look for in a $20,000–$25,000 Used EV

• Battery Range: Aim for EVs with at least 100 miles of range, though many newer models in this range offer 150+ miles.
• Battery Health: Request a full battery health report or diagnostic scan to ensure the battery retains at least 80% of its original capacity.
• Charging Options: Look for vehicles with fast-charging capabilities or compatibility with Level 2 home chargers.
• Warranty Coverage: Some used EVs may still have transferable battery warranties, providing added peace of mind.
• Model Reputation: Research reliability ratings and common issues for specific models, such as the Nissan Leaf, Chevrolet Bolt EV, or BMW i3.

Top Used EV Picks Under $25,000

While inventory varies by region, here are some of the most sought-after used EVs in this price range:

• Nissan Leaf (2017–2019): One of the most affordable used EVs, with models offering 100–150 miles of range. The 40 kWh battery (2018+) is a significant upgrade over earlier versions.
• Chevrolet Bolt EV (2017–2020): Known for its 238-mile range, the Bolt EV is a top choice for those prioritizing distance. Early models (2017–2018) may have lower ranges but are still solid options.
• BMW i3 (2017–2020): A premium compact EV with a unique design and 80–153 miles of range (depending on battery size). The i3 REx (range extender) models offer added flexibility.
• Hyundai Ioniq Electric (2017–2019): With a 124-mile range and strong reliability ratings, the Ioniq Electric is a practical choice for city driving.
• Kia Soul EV (2015–2019): Offering 93–111 miles of range, the Soul EV is spacious and affordable, making it ideal for families or commuters.

Final Considerations Before Buying

Before purchasing a used EV in this price range, take the following steps to ensure a smart investment:

• Test Drive: Verify the vehicle’s performance, including acceleration, braking, and regenerative braking systems.
• Inspect the Battery: Check for any signs of degradation or past damage. Ask for service records, including battery replacements or repairs.
• Research Incentives: While the federal used clean vehicle tax credit is no longer available, some states or local programs may offer rebates or incentives for used EVs.
• Compare Ownership Costs: Factor in electricity rates, charging infrastructure at home or work, and potential maintenance savings compared to gasoline vehicles.

The used EV market in 2024 offers unprecedented opportunities for buyers seeking affordable, eco-friendly transportation. By focusing on battery health, range, and model reputation, you can find a reliable electric vehicle that meets your needs without breaking the bank.