Electric Vehicle Shopping in 2025: What You Need to Know

Introduction

Car shoppers considering the purchase of an electric vehicle (EV) in 2025 will have more factors to weigh than in previous years. While there are plenty of positive developments, such as expanded charging options, more affordable used EVs, and a wider range of new models, there are also challenges to keep in mind. Higher prices, potential changes to tax credits, and the depreciation of used EVs are key considerations. Edmunds’ automotive experts have broken down the trends and insights you need to know before making a decision.

Higher New Vehicle Prices on the Horizon

One major challenge for potential EV buyers in 2025 is the likelihood of higher new vehicle prices. According to a recent NPR article, tariffs introduced by the Trump administration could increase the cost of certain imported electric vehicles. Additionally, tariffs on components and materials used in vehicle manufacturing may drive up prices further. While estimates vary, some models could see price increases of thousands of dollars.

Another significant factor is the potential repeal of federal EV tax credits. Currently, certain new EVs qualify for a $7,500 tax credit, while used EVs priced under $25,000 may qualify for up to $4,000. If these credits are repealed, the cost of purchasing an EV could rise substantially. For buyers looking to minimize costs, timing their purchase before these changes take effect could be crucial.

Expanded Charging Options for EVs

One of the most exciting developments for EV owners in 2025 is the expansion of charging options. Tesla, which previously reserved its Supercharger network exclusively for Tesla vehicles, has now opened its stations to most non-Tesla EVs. This move is a game-changer, as Tesla’s network is the largest and most reliable in the country.

While third-party charging stations like EVgo and Electrify America have long been available to non-Tesla EVs, Tesla’s Supercharger network offers unparalleled convenience and reliability. However, users may need to purchase an adapter or consult their vehicle’s manufacturer to ensure compatibility. For many EV owners, gaining access to Tesla’s network could significantly enhance their charging experience.

More EVs to Choose From, with Longer Ranges

The variety of electric vehicles available to shoppers in 2025 is greater than ever before. Whether you’re in the market for a compact car, an SUV, or a luxury vehicle, there’s an EV to suit your needs. Many models, such as the Ford Mustang Mach-E and Hyundai Ioniq 5, now offer over 300 miles of range, making long-distance travel more practical than ever.

High-end models from brands like Mercedes-Benz and Lucid, as well as electric trucks from GM, have exceeded the 400-mile mark in testing. At the same time, more affordable options are emerging, with some models like the Chevrolet Equinox EV and Hyundai Kona Electric starting below $35,000. For budget-conscious buyers, leasing an EV could be an attractive option, as automakers often offer incentives and tax credits that reduce monthly payments.

The Double-Edge Sword of Used EV Prices

Used EVs are becoming more affordable in 2025, which is great news for buyers. For example, a 2022 Ford Mustang Mach-E GT that originally sold for over $60,000 can now be found in the low $30,000s. This rapid depreciation is driven in part by the rising resale value of gas-powered vehicles, which retain their value better than EVs.

However, this trend is less favorable for those looking to sell or trade in their used EV. If you purchased your EV at a higher price and still owe money on your loan, you could find yourself “upside down” on your loan, owing more than the vehicle is worth. This situation can be particularly challenging if you’re looking to upgrade to a new model.

Tips for Buying an EV in 2025

For those planning to buy an EV in 2025, the experts at Edmunds recommend acting soon. Prices could rise if tariffs are implemented or if tax credits are repealed. Additionally, securing access to Tesla’s Supercharger network is highly recommended, as it offers a more seamless and reliable charging experience compared to third-party stations.

While the rapid evolution of the EV market presents challenges, it also offers opportunities for savvy shoppers. With more models, better ranges, and expanding charging infrastructure, 2025 is an exciting time to consider an electric vehicle. Just be sure to do your research, stay informed about changing policies, and carefully weigh your options before making a decision.

Conclusion

The electric vehicle landscape in 2025 is evolving rapidly, with both exciting opportunities and important challenges for buyers to consider. From higher prices and changing tax policies to expanded charging options and a wider range of models, there’s never been a more dynamic time to shop for an EV. By staying informed and planning carefully, you can make a decision that meets your needs and fits your budget.