Scepticism surrounds the resale value of electric vehicles (EVs), despite rising new EV sales. Online forums highlight concerns, with one commenter noting that newer EV technology could further depress secondhand values. A car dealer reported difficulty selling used EVs, moving only three out of 20, some lingering for over a year. These sold at a 40% loss, compared to 10-15% for internal combustion engine (ICE) vehicles. Buyers view EVs as gadgets, preferring newer models, similar to choosing the latest smartphone. This trend challenges the secondhand EV market as technology rapidly evolves.
Used EVs
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