Tesla Model Y Prices Drop Below $30,000 in U.S. Market

The Tesla Model Y has emerged as the best-selling electric vehicle (EV) in the U.S., leading to a significant increase in the availability of used models in the market. As of September 2024, low-mileage used Model Y AWD vehicles are now priced under $30,000, making them more accessible to a broader audience. This trend is attributed to the high sales volume of the Model Y, which has resulted in a large inventory of pre-owned vehicles. Among the various Model Y variants, the Long-Range AWD version has the highest number of listings, with many vehicles having mileage below 30,000. Buyers can also find newer model years with lower mileage by filtering for the Rear-Wheel Drive variant. This growing inventory of competitively-priced used Teslas is reshaping the EV market landscape. In comparison, the Chevy Bolt EV and EUV, which were once the third best-selling EVs in the U.S. until their discontinuation in December 2023, also contribute to the used EV market. Some used Bolts are available for as low as $13,000, appealing to budget-conscious consumers. The increasing availability of affordable used EVs, including the Model Y and Bolt, reflects a shift in consumer preferences towards electric vehicles. As more options become available, the market is likely to see a rise in EV adoption, further solidifying the position of brands like Tesla in the automotive industry.