Fuel efficiency is near the top of almost every driver's wish list. After all, having a vehicle with great mileage can lead to lower fuel costs and less vehicle maintenance, which saves a significant amount of money in the long run. For this reason, electric vehicles and other alternative-fuel options may be intriguing for motorists. Many drivers will be relieved to learn that the average price of used EVs is dropping dramatically – especially compared to the cost of a new car, which can often run quite high. 

Much of the reason for this trend is because of the incentives and subsidies associated with purchasing an electric vehicle. These federal and state rebates are available to encourage consumers to buy certain automobiles, but they are only applied to new cars. As a result, the used car prices typically reflect these incentives. 

"The incentives are on new vehicles," said Jack Nerad, an analyst at Kelley Blue Book, as quoted by PlugInCars.com. "This has the effect of lowering the value of used vehicles, since you don't get the incentive when you buy used." 

For example, if a vehicle sells for $30,000 but offers a subsidy of $7,500, its used value immediately drops to $22,500. While this immediate depreciation may not be good news for owners, it can be great for buyers. Although this new price may not accurately display the quality of the vehicle, the drop still occurs, offering many buyers a chance to capitalize on great value. 

No matter what type of vehicle you're looking for, you can find great options at New Jersey State Auto Auction. The lot is home to hundreds of CARFAX-certified cars, trucks and vans. These options can fit a wide range of needs for all types of drivers, and it's easy to find vehicles that fall into a budget.