Photo Credit: Fair Use [17 U.S.C. § 107]
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."
ADDITIONAL RELATED NEWS LINKS
- New Research Finds Electric Vehicles Depreciate Faster Than Gas Cars, But The Trend Is Changing
- Want To Buy An Electric Car But Unsure You Can Justify It? Here's How The Arguments Against EVs Stack Up
- Software Startup Recurrent Helps Used EV Buyers Know How Much Life Is Left In Vehicle's Battery
- Why You Shouldn't Freak Out About Electric Car Depreciation
- EVs Are Cheaper Than Ever. That's Bad For EV Owners
- The Battery Test Race To Work Out What Used EVs Are Really Worth
- Electric Vehicle Battery Degradation And Impact On Residual Values Assessed In Whitepaper
- Owners Starting to Worry About Resale Value of Their Fossil Fuel Cars As 2035 Bans Loom Ahead
- Warning for UK Drivers to be Cautious When Buying a Second-Hand Electric Car - Here's What to Look Out For
- Recurrent Auto and Black Book launch EV-Centric Valuation System for Used Cars
RSStream
- Trump's USDA Using Farmland Rule to Go After Energy Companies, Democrats Say
- Iowa Wind Farms Found A Genius Way To Cut Those Flashing Red Lights At Night
- Man discovers incredible hack that allows his Tesla Model 3 to recharge significant % of battery while driving without stopping to charge
- No, Tesla didn't build this bizarre Cybertruck-inspired solar EV: this BMW-backed solar car project uses the sun's rays to commute for free
- AI Data Centers Are Causing Unfathomable Amounts of Air Pollution, and It Gets Worse With Each New One They Build
- Solar Pumps Were Supposed To Help Farmers – Now They're Backfiring In A Big Way Pulling More Water From Aquifers
- Tesla Driver Tries the Old ''I Wasn't Driving" Excuse to Get Out of Speeding Ticket
- This Electric Car Makes More Power Than It Uses - Are Automakers Doing EVs Wrong?
- Practical nuclear fusion milestone achieved, higher plasma pressure feat recorded
- This Company''s New Bladeless Wind Turbines Are A Game Changer For Energy Accessibility
