Used Electric Cars For Sale Ontario (2023)

FAQs

What did the electric car say when asked if it needed gas worksheet answers? ›

when asked if it needed gas? Answer: No tanks!

Do electric cars lose value faster? There isn't enough evidence to prove that EVs depreciate faster than other types of cars. But some numbers suggest that EVs lose 50% of their value after three years as compared to traditional vehicle types that lose 60% in the same period.

He pointed to a recent study showing that EVs cost less to own over time than gas vehicles. The study found that used EVs can save even more than new ones. That's because depreciation takes a bite out of the EV price premium, but used buyers still get the same fuel and maintenance savings.

The average EPA-estimated fuel economy of new cars is closer to 25 mpg, making for a cost of $13.80 per 100 miles. So an EV would save $9 for every 100 miles driven, or put another way, it would save the average American almost $1,300 in fuel costs annually.

Generally, electric vehicle batteries last 10-20 years, but some factors may reduce their lifespan. For instance, batteries may degrade faster in hotter climates as heat does not pair well with EVs.

On average, electric cars can last around 200,000 miles or 12 years, which is longer than the lifespan of an average gas car (150,000 miles or 8 years).

The battery

It's also the most expensive component of an electric car, accounting for a large portion of the overall cost. At the moment, batteries for electric cars are still relatively expensive to produce, which is one of the reasons the cost of electric cars is higher.

Looking at the automotive repair site Repair Pal shows the cost of battery replacement for these hybrids between $9,000 and $11,000, including labor costs.

While EVs can save you a lot of money in the long run, they typically depreciate faster than gas-powered cars. This is primarily because of the electric battery, which is the most expensive component of an EV and has a limited lifespan.

How many miles is too many for an electric car? Much like traditional-powered cars, electric cars made today are generally considered good for about 200,000 miles, but the longevity of an electric car's battery system depends on more than just miles.

Will electric car prices go down in 2023? ›

Prices for used electric vehicles fell by almost 30% between June 2022 and June 2023, according to a recent study by iSeeCars, which analyzed more than 1.8 million cars during that time period to identify which models have the largest price drops.

On average, electric cars depreciate by up to 50% of their original value, after three years and 36,000 miles of driving. Some electric cars in particular hold their value far better than similarly sized and priced ICE cars.

These disadvantages include finding charging stations, charging times, higher initial costs, limited driving range, and battery packs can be expensive to replace.

Yes, you can use an electric vehicle for long highway trips. Charging is more frequent than gasoline fill-ups, but it added less time than I expected — probably less than an hour over more than 570 miles in my one-day return home. Many more DC fast chargers are needed.

Electric cars can handle snowy and icy roads better than gas-powered cars.

PROS OF GAS VEHICLES

Internal combustion engines have been around for over a century and offer a familiar driving experience. Gas-powered cars are easy to use, easy to fuel, and have a driving range that makes them practical for long-haul road trips.

Electric vehicles (EVs) offer a lot of advantages over gas cars, from lower running costs to lower lifetime emissions. But gasoline-powered cars currently have better infrastructure and are more familiar to most drivers.

EVs are often quicker than gasoline cars, but they're not always faster. This means that they can go from, say, 30 to 50 mph far more quickly but that their top speeds are often lower than gas cars'.

A battery-powered car, or Battery Electric Vehicle (BEV), does not have a gasoline or diesel engine and instead has an electric motor, power electronics, and a battery pack. Battery cars have a longer all-electric range than a plug-in hybrid, but they do not have a fuel backup.