According to SacEV President, Guy Hall, the economic and performance benefits of these vehicles are continuing to draw buyers. “Crystal balls are notoriously difficult, but given the data we see, the Sacramento region will break $100,000,000 in PEV purchases in 2015.” Hall points out and adds, “Over half will be purchased for less than $25,000 after incentives.”
The used market for plug in electric vehicles is also heating up as leases expire from 2012 sales and many PEV owners trade up for new technology. SacEV’s spokesperson and strategic advisor Lloyd Levine said, “I’ve already ordered a the new model 2016 Volt to replace my current Volt. The Volt is the best car I have ever owned. It is stylish, fun to drive, rich in features, and in almost three years of driving I have only used 105 gallons of gas. The new Volt improves on the old one in every possible way.”
New PEV incentives and improved technology are pushing down the used prices to $10,000 to $20,000, with some deals under $10,000. At the same time, companies such as Nissan are legitimizing the used market by adding their electric LEAF to their Certified Used program, which will add a measure of reassurance for those who prefer to buy used cars checked by the dealer to ensure they meet strict guidelines from the car maker.