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> The median ownership of a vehicle is under 5 years, and the median miles per year for a non-commercial vehicle is 12,000. So how do the resale values for 5 y
by logifail 4y ago
> The median ownership of a vehicle is under 5 years, and the median miles per year for a non-commercial vehicle is 12,000.
So how do the resale values for 5 year old EVs with 60k miles on the clock (or more accurately on the battery) look?
When we bought the little petrol car the salesman saw us looking at the EV and there was a brief discussion, back then he said that resale values for cars like that were "a complete unknown"
...
The little car has ~50,000km (~31,000 miles) on it so far, and even if its resale value after 5 years were to be zero I guess the most I've lost is the full purchase price, €10k.
How does that work with a EV that not only costs much more up front but probably loses fractional value faster, too?
EDIT: just checked the current prices, the latest model is (in round figures) €15,000 and as an EV it's €25,000. The trade seems to want to describe the latter as "affordable" but to me it's simply an extra €10k up front that I don't have right now. The range of the EV is basically 1/3 that of the petrol version.