The point is... why would anybody be dumb enough to buy an EV when they depreciate quicker than a turd in a drop toilet.
The Accelerated Depreciation of EVs
Anyone considering buying an EV will be wondering if EVs depreciate faster than traditional petrol or diesel cars? Recent data from the used car market, combined with insights from industry experts, suggest that EVs are potentially losing value at a significantly faster rate than traditional cars. Why Are EVs Depreciating Faster?
Several factors contribute to the accelerated depreciation of EVs: Weak Consumer Demand
One of the primary reasons behind falling used EV prices is a slump in consumer demand. Despite growing interest in electric cars, high upfront costs continue to deter many potential buyers, even for second-hand models. As demand weakens, it drives down the value of used EVs.
Buying an EV is like putting all your money on a horse in a race and only ever loses. The fact is EVs will never change the climate so why get sucked into the climate change scam.
