The transition from traditional gasoline vehicles to electric ones is no longer a distant future concept but a present reality for many. With a growing used electric vehicle (EV) market, buyers have never had better options. As I prepare for the end of my Chevrolet Blazer EV lease in 2026, I find myself exploring the myriad of possibilities in the used EV market.
The depreciation rate of modern EVs is quite surprising, with some models dropping nearly 50% in value after just 25,000 miles. This contrasts with their rare battery and motor failures (source). Fear of battery degradation among consumers has kept prices low, making it a favorable time for buyers. For instance, a loaded 2024 Blazer EV LT2 can now be purchased for approximately $25,000. With a budget of $35,000, options expand to include vehicles like the Cadillac Lyriq, Mercedes EQE SUV, and the BMW i4.
For those looking at a lower price range, the $15,000 segment is also expanding. It’s possible to find Model 3s and Bolts, with base models of the Ioniq 5 and Kona EVs nearing $20,000. The market is ripe with choices across various price points, offering consumers a wide array of exciting options.
My Criteria for the Next EV
Photo by: Mack Hogan/InsideEVs
My current Blazer EV, chosen for its ground clearance and cargo space, has served me well for camping trips. Ideally, I’m looking for another mid-size or large SUV with similar features, as I frequently venture into the wilderness of Southern California and often go on camping trips with my dog, Kickflip.
My ideal vehicle would provide comfort and space for cross-country travel, with a good balance of on- and off-road capabilities. Exploring rutted forest roads confidently while enjoying a smooth drive on winding canyon roads is essential for me.
Here are some potential options I’m considering:
2024-2025 Chevy Blazer EVs
Photo by: Tim Levin/InsideEVs
The Blazer EV has proven itself as a comfortable and spacious vehicle. Used 2024 models are available for around $25,000, with the potential for more on the market soon. All 2024 models come with features like leatherette seats and adaptive cruise control, which became optional in 2025.
The 2025 models offer front-wheel drive and Super Cruise, with the top SS trim as a performance model. All versions have at least 279 miles of range, making them a competitive option.
2024-2025 Cadillac Lyriq
The Cadillac Lyriq, with its rear-biased AWD and 515 horsepower, addresses some of my current Blazer’s limitations. The larger battery provides over 300 miles of range and faster charging. Used models are trading around $35,000, and they offer features like Apple CarPlay and Android Auto.
2023-2025 Mercedes EQE SUVs
Photo by: Mack Hogan/InsideEVs
Once considered overpriced, the Mercedes EQE SUV has become a bargain due to falling used prices. For under $35,000, it provides excellent driving dynamics, a robust AWD system, and a nearly 300-mile range. Its air suspension and superior audio system make it an appealing choice for daily driving.
2022-2025 BMW iXs
Photo by: InsideEVs
The BMW iX, despite its unique styling, offers a spacious and luxurious interior with excellent range and driving capabilities. It’s now available for under $38,000, a significant drop from its original price point.
2022-2025 Hyundai Ioniq 5 AWDs
Photo by: Mack Hogan/InsideEVs
The Ioniq 5 is a versatile EV with ample space and impressive charging capabilities. Early used models are available for around $20,000, making it an attractive option for those seeking affordability and reliability.
Tesla Model Ys
Photo by: InsideEVs
Having rented a couple of Model Ys, I’ve decided against pursuing this model for myself, despite its excellent value proposition. However, for those who appreciate Teslas, a used Model Y offers great technology, range, and charging network, priced at about $25,000.
Have thoughts on the best EV options for next year? Share them in the comments.
Contact the author: Mack.Hogan@insideevs.com
Original Story at insideevs.com