The new electric vehicle market is experiencing a slowdown, in contrast to the increasing demand for used electric vehicles. Several factors have contributed to the growth in the availability and popularity of second-hand EVs. Tax incentives, reduced prices, and an abundance of discounted Tesla models following price adjustments on new vehicles have fueled interest in used EVs. Online platforms like Cars.com and TrueCar have reported a surge in searches for pre-owned electric vehicles, with Carvana noting a significant uptick in used EV sales. Federal tax credits for used EV purchases have played a pivotal role in driving consumer interest, making electric mobility more accessible. These tax credits, applicable at the point of sale, provide an immediate price reduction, facilitating easier adoption of EVs. While some dealerships have embraced this opportunity, challenges such as vehicle qualification criteria and buyer income limits remain. Notably, the influx of used EVs has led to a price decrease despite rising demand. The increased supply, coupled with Tesla's pricing strategies, has created a market where even as demand escalates, prices continue to decline. Major players in the industry, like Manheim, have adapted operations to accommodate the rising volume of used EV sales, reflecting a significant shift towards electrified mobility. Tesla's aggressive pricing tactics have also influenced the used EV market, driving down average prices and promoting affordability. The current landscape presents a favorable opportunity for those considering transitioning to electric transport, fueled by evolving technology, competitive pricing, and enhanced performance metrics.