It Seems That EV Discounts Are Back In Full Force, Should You Keep Waiting?
Some good news for electric vehicle (EV) enthusiasts, as smart Malaysia has launched a substantial RM32,000 discount on its #3 EV SUV. This move comes as part of a larger trend of EV discounts that have returned to the market, giving prospective buyers an opportunity to purchase new electric cars at slightly more reasonable prices.
If you’re contemplating the purchase of a new EV, now might be the perfect time to wait for the next big discount event. As smart has shown, EV manufacturers are increasingly offering substantial price reductions as competition grows, so perhaps waiting could lead to even bigger discounts down the line.
Moreover, these price reductions are beneficial for the consumer, enabling those who have been hesitant about the cost of EVs to make the switch without breaking the bank. One interesting consequence of these deep discounts though is their effect on the used EV market.
As manufacturers cut prices on new models, many buyers will naturally shift their attention to fresh offerings, leaving used EVs at risk of losing even more value. This trend is likely to push the prices of used EVs even further down, offering buyers an opportunity to snag a used model at an even more affordable price.
On top of that, for anyone looking to get into the EV market without the need for a new car, the decline in used EV prices could be a great opportunity to score a reliable, pre-owned EV for a fraction of the cost of a brand-new one.
While used EVs may not carry the same warranties or the latest tech as newer models, they still offer significant cost savings and are an excellent choice for budget-conscious drivers. As smart Malaysia’s RM32,000 discount on the smart #3 model highlights, EV manufacturers are becoming more competitive and eager to lower the barriers to entry for new car buyers.
With the return of discounts, waiting for these deals before buying a new EV can be a wise strategy. At the same time, this market shift has the added benefit of driving down the prices of used EVs, making them a more attractive option for buyers looking for a cost-effective avenue to electric mobility.
