[smileysteve]

> If they can, they’re probably not buying a new car.

While it's a subsidy; the benefits don't stop at the first purchase. As long as the subsidy continues, prices for used EVs will stay below prices of new EVs.

[dogruck]

You make a great point.

I'd like to learn more about that dynamic of used car pricing. Do you have any pointers?

Here are some thoughts I have which might introduce subtleties:

* At some price level, there is a floor on "good condition used car that will safely take you from A to B",

* A used EV also price-competes with all used cars, and perhaps even with new non-EVs.