Tag: Toyota Prius price

Technology

The Only Electric Car Worth Buying Right Now Is Used

Electric cars tend to depreciate more like smartphones than cars, which means relatively recent models are already up for resale. To the brave, prudent shoppers trying to cash in on new US incentives to buy an electric vehicle: Good luck. The $12 billion in EV support written into the Inflation Reduction Act — including rebates of up to $7,500 at the point of purchase — is expected to shift electric car buying into high gear. But most of the battery-powered whips on the market are likely too expensive, too foreign or too scarce for a purchase to pan out anytime soon. As BloombergNEF analyst Ethan Zindler puts it: “There aren't many cars available and there aren't many credits available in 2022.” That means it's time to in...