2024-03-23 07:24:13
Consultancy Berylls analyzes why electric cars are rapidly losing value. New models of electric cars with higher mileage and lower prices are entering the market and directly competing with the “young” used ones, which were more expensive to begin with (as new) and have lower mileage. This is why used ones are not so attractive.
Many used electric cars are large and expensive SUVs, they do not belong to the mass market category, which makes them uninteresting to many used car buyers.
The consultancy concludes that there is little hope for the current generation of electric cars on the used car market to increase in value in the future.
Electric cars that come to the used car market with an average period of use of three years (such as those on lease for example) initially cost 43,600 euros.
This means that a three-year-old used electric car with 60,000 kilometers has lost an average of 57 percent, or €24,800, in value over this period. According to experts’ calculations, the loss of value of the average electric car is about 5,600 euros more compared to a gasoline car.