this post was submitted on 16 Aug 2024
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[Dormant] Electric Vehicles

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EVs Are Losing Up to 50 Percent of Their Value in One Year (www.wired.com)
submitted 3 months ago by [email protected] to c/evs
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[–] [email protected] 16 points 3 months ago (1 children)

Basically all cars lose 50% in the first year.

[–] stevestevesteve 10 points 3 months ago

Not only that, but EVs purchase price is also frequently subsidized substantially. If you paid "50k" for a car but the government paid 25k of it, and you later sell it for 25k... You might not be that mad

[–] dogslayeggs 8 points 3 months ago

A) All cars lose a ton of value the day you drive them off the lot.

B) The purchase price of an EV is before subsidies that don't get passed to a used car buyer, so the drop in value isn't as bad as it looks.