EVs lose more than 50% of their value within first two years

[mystery-ak]

May 29, 2025
EVs lose more than 50% of their value within first two years
By Olivia Murray

When an industry requires endless subsidization, that means it’s signaling a lack of potential—both short-term and long-term—so it’s *probably* a bad investment.

According to Matt Oliver at The Telegraph, new numbers from the electric vehicle industry show that these cars are depreciating rapidly, much faster than their gasoline counterparts; after just two years of ownership, these cars are worth less than half of what their owners originally paid. (I mean, we tried telling them these were foolish purchases, but they didn’t want to listen.) Here’s this, per Oliver:

    A typical EV now retains only 49pc of its value after 24 months, a sharp decline from 83pc as recently as 2022, according to Cox Automotive.

    For a new car bought for £40,000, this would translate to a value of just £19,600 after two years.

In 2022, the depreciation of E.V.s was 17% after two years—now it’s 51%. Oliver reports that what’s behind the serious depreciation trend are “discount wars” between manufacturers who are trying to get their product moving to “meet net zero sales targets”… since the E.V.s aren’t selling. From a Scripps News report in February:

more
https://www.americanthinker.com/blog/2025/05/evs_lose_more_than_50_of_their_value_within_first_two_years.html

[DefiantMassRINO]

My wife is selling her old 6-cylinder 2008 Honda Accord EX (with 50,200 miles) and the damned thing is still worth money.

[Wingnut]

Rules to live by and lessons learned.
1. Never buy a used Yugo or Chevy Vega. (from the 80's)
2. Never buy a used EV (Current)

[Smokin Joe]

Rules to live by and lessons learned.
1. Never buy a used Yugo or Chevy Vega. (from the 80's)
2. Never buy a used EV (Current)

Dunno about the yugo, but I bought a used Vega for 50 bucks, put about 75 more into it and a little sweat, drove it around town for two years, and sold it for $100. That worked out pretty good for me.