Used EVs Are Absolute Bargains Right Now: Here's What to Buy

• What it is: Gas prices are constantly in flux right now, but an EV means you'll never worry about what's happening at the pump. 
• Why it matters: A lot of great EVs are a few years old now, and that means they're a used-car bargain. 
• Edmunds Says: These are the best cheap, used EVs to buy and why. 

Average price new: $94,222
Average price on Edmunds now: $48,929

Speaking of polarizing, the iX was just discontinued in the United States, but the way it looks still manages to split opinion. One thing that's not up for debate, however, is just how excellent this car is to live with. We had one as a member of our One-Year Road Test fleet and we struggled to part ways with it. Even after a year, staffers were still fighting over the keys. 

It always delivered on range, was fantastic to be in and drive, and never put a foot wrong either mechanically or electrically. The iX might not be the prettiest SUV BMW's ever made, but it might be one of the best. And with prices at almost half of what they used to be, this might just be the one to have. 

BMW i5

Average price new: $76,390
Average price on Edmunds now: $51,145

The BMW i5 is another great from our One-Year Road Test program. We had the nearly 600-horsepower M60 model at our disposal for a year and, as you might have guessed, we loved it. Powerful and sharp but with a ride so refined you'd swear you were in something closer to a Bentley. The i5 manages to do it all. 

Some staffers still don't like the styling, though it's better than the iX and i4, and others didn't find the seats supportive enough or the tech as intuitive as it should be. But, by and large, the i5 is another EV that's hard to go wrong with. It delivers great range, too, with the rear-drive eDrive 40 model delivering 321 miles in the Edmunds EV Range Test. 

Cadillac Lyriq

Average price new: $66,677
Average price on Edmunds now: $41,084

The Lyriq is an easy EV to sleep on. It was Cadillac's first mass-market EV and, frankly, is extremely handsome. And since it was the first of Cadillac's many EVs, it's the only one that comes with Apple CarPlay and Android Auto, which will be a deal maker for some.

It does luxury well inside with plenty of space and an abundance of nice materials you'll enjoy either sitting in, touching, or just looking at. It also has plenty of usable range. The Lyriq we put through the Edmunds EV Range Test did 319 miles on a full charge, more than enough for a week's worth of average daily commutes. 

Hyundai Ioniq 5 / Ioniq 6

Average prices when new: $52,604 (Ioniq 5), $49,699 (Ioniq 6)
Average prices on Edmunds now:  $26,126 (Ioniq 5), $24,918 (Ioniq 6)

These two Hyundai siblings have been at the top of our lists for a while now. When people ask many of us here at Edmunds what EV SUV they should buy, we send them on their way to a Hyundai dealership and tell them the Ioniq 5 is the way to go. It was the first proper EV SUV to take on the Tesla Model Y and win when it first hit dealers in 2021. 

The Ioniq 6 is nearly as good as the 5. It only really lacks cargo and passenger space, but those are trade-offs many will likely be OK with because of just how inexpensive it is to own one now. Not only that, but every single Ioniq 6 we have put on the Edmunds EV Range Test has surpassed 300 miles. Both of these are great options with plenty of range, super fast charging, and easy-to-use tech. The hard choice, really, is body style.

Tesla Model 3 / Model 3 Performance

Average price when new: $47,460, $58,660 (Performance)
Average prices on Edmunds now: $19,731, $22,542 (Performance)

The Tesla Model 3 is, easily, the most popular EV sedan on the planet. Right now, there are more than 6,000 used examples for sale on Edmunds. It's been on sale for a while, and that means there's no shortage of examples to sift through. But the fact that there are so many options means the Model 3 and the Model 3 Performance are both great deals. 

Plus, these cars get great range and have native access to the Tesla Supercharger network. It's the one we regard as the most robust coast-to-coast charging network out there, and not having to fiddle around with adapters just makes life that little bit easier. They might not be the best to drive and the interiors don't hold up all that well, but that doesn't mean an old Model 3 won't serve as a great everyday driver. Just be sure to look around and find a nice one. 

Interested in any of the great deals you see above? Here's more info on getting into a used EV:
The Pros and Cons of Buying a Used EV