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Author Topic: New Study: EVs Losing Value Twice As Fast As Petrol Vehicles  (Read 242 times)

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Offline rangerrebew

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New Study: EVs Losing Value Twice As Fast As Petrol Vehicles
« on: May 04, 2023, 07:07:56 am »
WRITTEN BY FELIX REEVES ON MAY 3, 2023. POSTED IN LATEST NEWS

New Study: EVs Losing Value Twice As Fast As Petrol Vehicles

tesla charging stationWhen someone buys a new car, the value will naturally decrease over time given the wear and tear of the vehicle, as well as the mileage and age.

But for some electric car owners, they could be seeing the value of their car depreciate at twice the rate of petrol cars.

According to a new study, EVs on average will lose 51 percent of their purchase value from 2020 to 2023, compared to just 37 percent for petrol vehicles. [emphasis, links added]

This equates to a massive £15,220 [$18,786] loss for electric car owners, with petrol drivers seeing a decrease of £9,901 [$12,400].

https://climatechangedispatch.com/new-study-evs-losing-value-twice-as-fast-as-petrol-vehicles/
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Offline Kamaji

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Re: New Study: EVs Losing Value Twice As Fast As Petrol Vehicles
« Reply #1 on: May 04, 2023, 04:20:31 pm »
That's what happens with nonreplaceable batteries.
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Offline Smokin Joe

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Re: New Study: EVs Losing Value Twice As Fast As Petrol Vehicles
« Reply #2 on: May 04, 2023, 04:22:26 pm »
So far, so good. Every vehicle in the fleet is worth twice or more what I paid for it, with one exception that has serious electrical issues.
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