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Why You Shouldn't Freak Out About Electric Car Depreciation

16 Feb 2024 | Abstracted from The Autopian

"...fear of depreciation hangs a certain cloud over the entire battery-powered car market...Fast forward to 2023, and we're seeing much slower depreciation on used EVs than we did before the pandemic...take the headline of EVs averaging 49.1 percent depreciation with a grain of salt. The fastest depreciating EV in the study, the Tesla Model S, depreciated 55.5 percent over five years... it's actually on par with several midsize luxury sedans...


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