Let’s face it. At the beginning of the EV revolution, electric cars were just too damn expensive. A Tesla Model Y cost $66,000 at one point, as the company leveraged strong demand to increase prices. In 2012, the Chevy Volt cost more than $40,000. Even though it was a decent car with a brilliant powertrain, that was way too much money for most people. The Ford F-150 Lightning could pull a freight train, but many models were priced at $70,000 or more.

The other side of the coin, of course, is depreciation. After getting whacked with high prices at the time of purchase, EV owners often found their electron powered beauties were worth less than half what they paid for them a year later. They were not happy and understandably so.

Then a funny thing happened on the way to the electric car future. In the US, Republicans reacted with fury to any and all incentives for EVs or charging infrastructure, because God invented gasoline and any attempt to convert Americans to electric vehicles was heresy.

Now that all those incentives are gone and the depreciation bite has been swallowed, a curious phenomenon is taking place. Prices for used EVs are rising, as people realize they are the ideal solution to sky high fuel costs. Cars that were once too expensive to consider are now a relative bargain as used cars. One prominent example is the Ford F-150 Lighting. With used ones costing half what they did new, they are suddenly in strong demand.

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