Summary
- Ever is a Bay Area company finding success in the used EV car market
- Ever buys and sells online and in-person, co-founded by Max Quertermous
- Reduced pricing and tax incentives are making used EVs more affordable
- Inventory of new and used EVs is increasing, with tax credits available for buyers
- Ever plans to expand to other markets based on sales and data over the last two years
Article
Ever, a used EV dealership based in the Bay Area, is finding success in the second-hand EV car market by offering affordable options to buyers. Co-founded by Max Quertermous two years ago, the dealership operates both online and in-person in San Francisco. With the mission of building the largest EV store in the United States, Ever has seen a surge in sales due to price cuts and federal tax incentives for new and used EVs, making electric cars more accessible and attractive to consumers looking for environmentally friendly options.
According to car-buying website Edmonds, the average price of a second-hand EV has significantly decreased from $56,000 to $32,000 over two years, making them a more affordable choice for buyers. Additionally, EVs offer a lower total cost of ownership compared to internal combustion cars and are more enjoyable to commute in, making them a popular choice for environmentally conscious drivers like Lindsey Kirk. As consumers like Kirk are looking for deals and trading in their older leased electric cars, Ever is able to offer competitive options that align with their needs and preferences, driving sales and interest in the used EV market.
To further incentivize consumers to purchase used EVs, registered dealerships are now offering an immediate $4,000 tax credit at the point of sale for qualifying purchases. This initiative has made electric cars even more affordable and appealing to buyers, contributing to the increasing inventory of new and used EVs in the market. With a reported 25% year-over-year increase in used EV inventory, consumers have access to a variety of makes and models at more affordable prices, creating a compelling buying opportunity for those interested in making the switch to electric vehicles.
Ever’s success in the used EV market has been driven by their commitment to the future of EVs, as the industry continues to grow and evolve. In California, more than one in four new vehicle sales are zero-emission vehicles, signaling a shift towards a more sustainable and environmentally friendly transportation landscape. With the state’s plans to invest $1.9 billion in expanding the charging network, the infrastructure needed to support the growing demand for EVs is being developed, further encouraging entrepreneurs like Max Quertermous and new EV drivers to embrace this eco-friendly transportation option for the future.
The rapid growth and popularity of EVs in California reflect a broader trend towards sustainable transportation solutions and a reduced carbon footprint. As more consumers become interested in electric vehicles, dealerships like Ever are poised to meet the demand for affordable second-hand EVs, providing a viable and eco-conscious alternative to traditional internal combustion cars. With the support of federal tax incentives and a growing charging network, the future of EVs in California and beyond looks bright, offering a sustainable and environmentally friendly option for drivers looking to make a positive impact on the planet.
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