Cheapies Value EVs in 2026 War Times

So parents are possibly in the market for an EV but since the Iran war, prices have suffered from some profiteering due to the supply/demand.

Is it a bad idea to shop for an EV in the current market? If not, does anyone know where the value lies?

New would be ok depending on price, but we've never bought new cars due to the serious depreciation in the first 1-2 years. But I guess depending on market circumstances, new may be a better value proposition.

Anyway, suggestions on where we might start considering (including sitting tight) would be great thanks.

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  • Here's my cheapest cheapies recommendation.
    Most of the time, buying will cost more then keeping what you have now. Even if you factor in the operating costs.
    You say "possibly in the market", sounds like they don't need to replace the current solution.
    We all like new things, but that will cost more. I keep looking (because I also like new things). But can't justify the cost.
    So I say sit tight. It's what I'm doing.

  • Their Euro car is falling apart. My Frugalist Frugalies lifestyle of the past has taught me that waiting for things to fail is a false economy.

    When things fail:

    1. Your existing item drops in value from hardly anything, to liability (costs you to get rid of it)

    2. If it’s an essential item like a car, or home appliance, you now have added pressure to replace it, meaning that it’s hard to time the purchase to coincide with a sale, or market timing etc.

    3. Their old car is so heavy on fuel consumption that it would likely be cost effective to replace with an EV, EVEN if a loan was involved (they won’t need a loan, and I’m not advocating for loans)

  • For new, you can have a full list here

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