Electric Cars In The UK Suffer "Unsustainable" Depreciation In Secondhand Market

20 Jan 2024 | Abstracted from Yahoo Finance

"The value of used electric cars has dropped dramatically in the last 12 months after Covid-related supply shortages eased and as rising electricity prices hit demand.This coincided with petrol prices falling to a two-year low.

Auto Trader "...online vehicle marketplace [reports] UK motorists buying a £50,000 electric car could expect to lose £24,000 in value over three years, while a similarly priced petrol car could lose £17,000..."

ADDITIONAL RELATED NEWS LINKS

• 'Electric Altimas': How Depreciation Is Bringing Teslas Within Reach of 'Low-Income Individuals'


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• Used Car Values In The UK Stabilise After 10.5% Fall | Positivity For Used EVs


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• EVs Are Cheaper Than Ever. That's Bad For EV Owners


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