The Vancouver Sun reports in its Tuesday edition that the supply-chain dam that held back new-car production during the pandemic has burst -- and the market is getting flooded with used cars, including sought-after electric vehicles. The Sun's Derrick Penner writes that many of the more than 60 new EV models that carmakers are releasing to meet government mandates, including British Columbia's Zero-Emission Vehicles Act, are becoming available within a couple of months. Existing EV owners are trading up. The used market "is getting a little bit flooded right now," said Sean Thompson at Factor E Motors, a Vancouver repair shop specializing in Teslas. Before jumping on the hundreds of used listings on popular platforms such as AutoTrader, seasoned EV owners and experts advise buyers to familiarize themselves with a research checklist specific to battery power when evaluating a purchase. New EVs can run from $45,000 to more than $100,000 before federal and provincial incentives and rebates for up to $9,000 of a purchase price. Used buyers can find deals in the range of $25,000 to $35,000 -- a "sweet spot" where they can really justify going to an EV and saving fuel, said Rysam McIver at Westwood Honda in Port Moody.
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