As lithium-ion battery pack costs drop to the USD 100 per kWh threshold, new EVs are becoming more affordable. And this is likely to be reflected in the prices of used EVs, helping to make the shift towards net-zero transport accessible for more motorists. However, when it comes to the second-hand EV market, consumer confidence needs to be built, particularly about the battery state of health. This will expand EV ownership to a vast majority of people who are held back by the high upfront cost of electric vehicles.