this post was submitted on 18 Jan 2024
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Electric cars suffer 'unsustainable' depreciation in secondhand market (www.telegraph.co.uk)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] Anticorp -1 points 1 year ago

All cars, including electric cars lose 25% value after they're sold. The concern is about longer term resale value. A 10 year old electric car is worthless. It would need a new $15,000 battery to continue operating. A 10 year old combustion car can still be worth more than half its original value.