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Used Electric Cars Prices 'More Volatile' Than Other Cars, Australian Data shows

08 Apr 2024 | Abstracted from The Drive

In 2023, electric cars obtained a 7.2 per cent share of the Australian new-car market, a 161 per cent increase over 2022.

"While electric cars less than two years of age retained a respectable 82.8 per cent of their original value when resold in December 2023, electric cars between two and four years old held on to just 57.6 per cent of their value, while electric cars five years of age or older were worth less than 25 per cent of their original purchase price when resold."



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