Edmunds: Five used luxury EVs you can get for cheap
Just about every premium brand sells at least one luxury electric vehicle, and some offer several choices. But new luxury EVs are expensive, and many have prices starting around six figures. If that's beyond your budget, consider buying a used model. You could save tens of thousands of dollars versus buying new.
To help you with your search, the experts at Edmunds have rounded up five luxury EVs that are significantly more affordable on the used market. We included the average pricing of 2022 models because there should be plenty of them thanks to lease returns, and pricing is usually much lower.
Polestar 2
The Polestar 2 is a compact sedan with a lifted suspension and hatchback-style trunk. The sporty EV was introduced in 2021 by EV startup Polestar, an offshoot of Volvo. If you want something distinctive, the Polestar 2 delivers because it's built by a relatively unknown brand and sports a distinctive design. Bargain shoppers will like its low used prices. If you're considering one, find out if there is a service center near you.
Tip: Aim for a 2022 model, the first year for the single-motor version. These models are more affordable and offer more range than a dual-motor. If you prefer exhilarating acceleration, though, get a dual-motor model. Whichever Polestar 2 you get, its sharp handling will make your drive more enjoyable.
Average 2022 pricing: about $26,000
Audi Q8 E-tron
Debuting in 2019, the E-tron is one of the longest-running electric luxury SUVs, making used models easy to find. The E-tron is a sleek and sophisticated two-row SUV that's spacious and comfortable. It also boasts smooth and effortless acceleration. In 2024, Audi renamed it the Q8 E-tron and made some significant improvements. The biggest drawback of earlier models is the sub-250-mile driving range.
Tip: Try to get a 2020 or newer model because the estimated driving range for 2019 was the lowest, just above 200 miles. To save money, opt for the Premium and Premium Plus trims. If you like sporty coupe-like styling, keep an eye out for the Sportback models.
Average 2022 pricing: about $34,000
BMW iX
Some used iXs can be a little pricey, but they're still a bargain when you consider base models were about $90K when new. We highly recommend the iX over most electric luxury SUVs as long as you don't mind its polarizing front-end design. Launched for the 2022 model year, the iX only offers five-passenger seating, but it's spacious and has a large cargo area. The BMW also provides over 300 miles of range, has robust acceleration, and touts a bold interior design.
Tip: Besides the M60 performance model, your only choice is the xDrive50 model, which, when new, offered several optional packages and stand-alone features. So make sure to look up what features the model you're considering has to get the ones you want.
Average 2022 pricing: about $52,000
Mercedes-Benz EQS Sedan
Used EQS sedans are some of the best used luxury EV bargains. You can find models from 2022, the year it was launched, for under $50K. That's a huge discount from the original $100,000-plus price. The EQS is also an excellent EV. The big Mercedes has consistently been one of Edmunds' best electric sedans since it debuted thanks to its long driving range, impressive tech features and very comfortable ride.
Tip: If you want range over power, aim for the single-motor 450+ model. But if you want all-wheel drive or prefer power over range, get a dual-motor model such as the 450 4Matic or the more powerful 580 4Matic.
Average 2022 pricing: about $53,000
Tesla Model X
Famous for its falcon-wing doors, the Model X is one of the original electric luxury SUVs. Finding a used model shouldn't be hard because the Tesla was introduced in 2016. The Model X is the largest SUV on this list and the only one that offers three rows of seating. Tesla's regular over-the-air updates keep its software up to date, and as with most Teslas, it's quick and agile, especially for a large SUV.
Tip: Consider 2021 models and newer because Tesla gave the Model X significant interior updates in 2021 and introduced the 1,020-horsepower Plaid model. Also, certain pre-2021 versions have low range, and some could be approaching the end of their battery warranty.
Average 2022 pricing: about $59,000
Edmunds Says
You can get deep discounts on slightly used luxury EVs. And if you're worried about a costly battery replacement, keep in mind that EVs have at least an eight-year/100,000-mile battery warranty. Some companies offer even longer coverage.
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This story was provided to The Associated Press by the automotive website Edmunds.
Michael Cantu is a contributor at Edmunds.
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'We're not in love with the law,' Vought told CNN in an interview on June 1. The separate $9.4 billion rescissions package that the House approved Thursday would permanently cut funding for NPR and PBS as well as foreign aid. Vought has said he expects to send more rescissions packages to Congress. Vought's multipronged strategy also is likely to include a 'pocket rescissions' strategy, by which the White House intentionally runs out the clock near the Sept. 30 end of the fiscal year. If the president introduces a recissions package then, Congress has a limited time to act — and if it does not do so, the funds slated for elimination are automatically canceled. The White House may use the pocket rescissions strategy if the $9.4 billion rescissions package does not pass both chambers of Congress, the administration person said. And it could pursue another pocket rescissions strategy centered on Labor Department spending. 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'OMB is hard at work making the DOGE cuts permanent using a wide range of tools we have at our disposal under the ICA [Impoundment Control Act] and within the President's authority— just like the first rescissions package that was sent up to the Hill this week,' OMB spokesperson Rachel Cauley said in a statement Monday. 'As a part of that process, we are constantly checking in with agencies to assess their unobligated balances.' The latest effort may be more comprehensive than other blocks on federal funding that Vought has enacted, according to the person with direct knowledge of the move. It could also be a 'trial balloon' to see whether the White House can unilaterally block future spending if Trump administration officials object, said another person at an agency that would be affected. The move appears to be a significant escalation of Vought's efforts to test the boundaries of the Impoundment Control Act. 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The deferrals package the White House plans to send Congress would temporarily stop agencies from spending unobligated funds that remain at the end of the government's fiscal year on Sept. 30. The broad-based deferrals package is highly unusual and could be part of his strategy to take his fight for greater executive power to the Supreme Court, said Philip Joyce, a professor at the University of Maryland's School of Public Policy and author of the book 'The Congressional Budget Office: Honest Numbers, Power, and Policymaking.' 'It is a novel approach, but I think in the end, they really want this to go to the Supreme Court,' Joyce said. 'They think they know how the Supreme Court is going to rule and once the Supreme Court opens the door, you know, it's kind of high noon for the separation of powers, which is what they want.' Last week, OMB officials reached out to federal agencies to tell them to enact the spending freeze. Some agency officials were 'shocked' at the move, according to the administration official with direct knowledge of the plan. The head of the National Science Foundation's budget office didn't know what to make of the directive, according to an email obtained by E&E News. OMB is targeting the agency's research and education 'accounts for a deferral package,' NSF Budget Director Caitlyn Fife wrote last Friday in a note to top officials. 'I imagine you will all have questions, as do we,' she said. 'However we are immediately focused on pulling the funds back to ensure there are no further commitments or obligations.' An NSF official briefed on the spending freeze said offices relying on previous-year funding could see their 'programs gutted.' The official also predicted that if OMB's ploy succeeds, it will use deferrals to impound any congressionally directed spending the administration opposes. That means the deferrals package strategy is likely the start of a significant and questionable push to expand executive power, said Carlile, the former OMB associate director. He said the White House is essentially seeking to subvert the Constitution, which grants Congress spending authority, in such an extreme way that it threatens the nation's democratic structure. 'I think it upends a fundamental check and balance contemplated in our Constitution, and I don't understand how you subordinate Congress' power of the purse,' Carlile said. Federal spending decisions are 'a deal between the executive and the legislative branch as institutions,' he added. 'And this all starts to unravel real quick if our budgetary framework really actually meant nothing.'
