Electric cars have gone from pricey purchases to some of the biggest bargains on the used-car lot, as resale values for the vehicles have tumbled.
Two years ago, some used electric-car models were selling for as much or more than new ones, because of a supply-chain crisis that resulted in a broader car shortage.
Now, the dynamic has flipped. Dealer lots are full of unsold EVs, and car companies—largely led by Tesla—have slashed prices on new models in an effort to sell them.
