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Huge year-end discounts and rebates drive the cost of new EVs below $20K

Nissan Leaf at night

During our monthly search for the best EV discounts, we found four models – two BEVs and two PHEVs – that can cost less than $20,000 before tax and license. Considering the average used vehicle price as reported by USA Today was trending upward at $21,558 in July, and that the average new vehicle transaction price is just shy of $40,000 ($39,259 to be exact, per Kelly Blue Book), $20K for a brand-new electric vehicle looks like a relative bargain.

Note this is the last week we’ll include PHEVs in our roundups. Our resolution for 2021 is BEVs only!

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Great deals on Tesla CPOs: Model S 85 for only $50,000 and rare Signature Model S 85 for $58,700 [Updated]

Model S CPO

It’s quite fascinating to follow the pricing of Tesla’s certified pre-owned Model S’s (CPOs), especially since the vehicle has been on the market for almost 4 years now. Overall the Model S has been able to retain its value impressively well, it has the highest value retention of all electric vehicles and most gasoline vehicles according to a NADA report published last year, but nonetheless, we are starting to see some great bargains for early models. Expand
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