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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[–] [email protected] 0 points 1 year ago

This is just an unfortunate system where progress is so fast an old model is out of date.

A 50,000 car might cost 55,000 new in three years. But a 50,000 electric car is going to cost 45,000 new in 3 years. Of course than means it is going to lose value because of substitutes.

Also while the old cars had battery issues there is a lot of propaganda about electric cars from the fossil fuel industry and people that don't want progress.