The Expert Podcast

Are Used EVs the Next Bitcoin? Hype, Risks, and Market Trends


Listen Later

Episode Description: 

  • The chip shortage and rising popularity of electric vehicles (EVs) are driving up prices in the used car market.
  • Some used EVs are selling for more than their original new price.
  • The LA Times reports that Tesla owners are flipping their cars for profit.
  • Popular used EVs in high demand: 
    • Hyundai and Kia models
    • Porsche and Audi models
    • Tesla
  • If you own an EV and are unsure about keeping it, now might be a good time to sell.
  • New car inventory is expected to improve by late 2022 or early 2023.
  • The push for higher EV adoption continues, with sales rising from 1% to 7% in just a few years.
  • Gasoline vehicle sales are decreasing as EV adoption grows.
  • If you're looking for a used EV, you might find a good deal from someone ending a lease.

Let me know if you want any tweaks! 🚗⚡

...more
View all episodesView all episodes
Download on the App Store

The Expert PodcastBy Various