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/