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New Research Finds Electric Vehicles Depreciate Faster Than Gas Cars, But The Trend Is Changing
20 Feb 2025 | Abstracted from George Washington University
" New research finds that while older electric vehicle models depreciate in value faster than conventional gas cars, newer electric vehicle models with longer driving ranges are holding their value better and approaching the retention rates of many gas cars.
"The study examined more than nine million car listings at over 60,000 dealerships between 2016 and 2022...While a higher resale value in future is better for new car buyers, it also means the end of lower cost used electric vehicles."
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