Wayne, N.J., February 2, 2023 — AAA is releasing its new Used EV Buyer’s Guide that includes basic information on electric vehicles (EVs), including ownership costs, details to consider before purchasing, and guidance for those who want an EV but need more affordable options. A survey conducted by AAA last year revealed that of consumers interested in EVs, 25% would purchase used, with millennials (32%) the most likely to consider this option. AAA wants consumers interested in going electric, whether new or used, to be better informed and educated on EV ownership before purchasing to ensure a rewarding and confident experience.
“A used EV could be a viable option for many first-time buyers or multi-car households, as they tend to be more affordable,” said Robert Sinclair Jr., Senior Manager of Public Affairs for AAA Northeast. “The key is to understand all the options available, as well as individual needs, which can ease some of the anxiety associated with purchasing used.”
The AAA Used EV Buyer’s Guide includes:
- Basic background on EVs
- Driving range and charging
- Used EV ownership cost comparisons (battery vs. gas-powered)
- Repair and maintenance costs
- Supplemental AAA Car Buying resources
Many consumers are attracted to the idea of going electric – but worry they will face a steep price tag for a new EV. A used EV may be a more feasible option for buyers concerned about cost or those looking to add a second car to their household. In addition to the newly released guide, AAA has other resources to help buyers navigate the car-buying decision. The 2022 AAA Your Driving Cost analysis revealed that EVs have the second lowest annual ownership costs behind small sedans. Additionally, used EVs are estimated to cost less to own than their gas-powered counterparts. Especially for consumers looking to save significantly on fuel costs – EV owners save $8,000 or more over five years in this area.
“Electric vehicles are quickly gaining popularity, and AAA wants to give consumers what they need to make an informed purchase,” said Mr. Sinclair. “We support an electric future and will continue to do our part by providing educational resources for the public, including a new website that will serve as a compendium of EV information and research.”