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Is Now A Good Time To Buy An Electric Vehicle?

Written by Jerry Reynolds | Aug 21, 2026, 1:47:30 AM

 

Q:  Is Now A Good Time To Buy An Electric Vehicle?

Well, that depends if you're talking new or used. In my opinion there is never a good time to buy a "NEW" EV due to massive depreciation. So if you're going new, always lease. Meanwhile, yes it's a great time to buy slightly used. Lease returns mean plenty of availability and great prices, too. Jut make sure check used EV battery health and warranty terms. 

2026 Hyundai Ioniq XRT. CarPro.

Photo: Billion Photos/Shutterstock.com.