Report: Study finds EVs depreciate faster

In the current heyday of cars like the Nissan Leaf, interest in the cars is strong as a result of usable real world commuting range, and with charging stations becoming more plentiful near the urban centers for which EVs were designed, things should be looking up for this new chapter in motoring history. It is not though for first-time buyers; depreciation has blanketed and subdued the used EV market in the same way that a winter storm might, say, subdue an electric vehicle.

A lack of consumer confidence in this new technology does not rival the lack of confidence in the modified car market, but it comes close. A new Chevy Spark EV may retail for over $28,300, but it will only be worth about $8,000 in five years, south of what its less expensive gas powered counterparts might fetch. The Ford Focus EV is expected to be worth only 20% of its original value when compared to the top of the line gas model, which is anticipated to garner 36% or thereabouts of its original MSRP.

This may not have an impact on the EV market though for two reasons, one of which is that subsidies for acquiring these cars are quite significant, in some cases, they cover over 20% of the cost of the car, and EVs are largely offered as lease vehicles, meaning that the customer often could not care less what their car is worth at the end of the lease period.

– By: Sawyer Sutton

Source: Carscoops


Tags: , , , , , , , , ,




2004 CHEVROLET SUBURBAN LT 1500 RADIATOR SUPPORT BRACKET 15192784 OEM picture
2004 CHEVROLET SUBURBAN LT 1500 RADIATOR SUPPORT BRACKET 15192784 OEM
2002-2013 Mazda 6 MPV Radiator Cooling Fan Control Module OEM NEW L510-15-15Y picture
2002-2013 Mazda 6 MPV Radiator Cooling Fan Control Module OEM NEW L510-15-15Y
NEW HKS RADIATOR CAP FOR CAPPUCCINO EA21R EA11R JIMNY JA22W K6A F6A 15009-AK004 picture
NEW HKS RADIATOR CAP FOR CAPPUCCINO EA21R EA11R JIMNY JA22W K6A F6A 15009-AK004
Triumph 955 i Radiator Coolant Fluid Hose #2 picture
Triumph 955 i Radiator Coolant Fluid Hose #2
65 MGB RADIATOR CORE SUPPORT INNER 1 14840 picture
65 MGB RADIATOR CORE SUPPORT INNER 1 14840


Subscribe & Connect

Connect with us on any of our social profiles below.

Subscribe to our e-mail newsletter to receive updates.

  • Matt M.

    It’s what I’ve been saying all along given to complexity of these cars and cost to keep them going as time goes on. It’s a “shotgun wedding” with being stuck with your dealer when ya buy one. Short of a simple oil change.