EVs Are Losing Up to 50 Percent of Their Value in One Year
EVs Are Losing Up to 50 Percent of Their Value in One Year
Some electric car brands are hemorrhaging value, with the worst losing as much as $600 a day. In this investigation, WIRED outlines the models to watch, why this is happening, and how you could game the market to your advantage.
Basically all cars lose 50% in the first year.
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
"up to 50%" is clickbait non-sense. Please don't give them clicks.
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.