Another EV hit piece. From the article: > Electric cars lose as much as half of their value after just three years on the road https://motorway.co.uk/sell-my

Another EV hit piece. From the article: > Electric cars lose as much as half of their value after just three years on the road https://motorway.co.uk/sell-my-car/guides/car-depreciation-guide https://motorway.co.uk/sell-my-car/guides/car-depreciation-g... > The average car depreciation will hit hardest in the first year of ownership. Generally, the drop will be around 15-35% in the first 12 months. And that will continue to rise up to 50% or more over three years. Year 1: 15-35% depreciation. 65-85% of the original value. Year 3: 40-60% depreciation. 40-65% of the original value. Year 5: 60-70% depreciation. 30-40% of the original value. Year 8-10: 80% depreciation. 20% of the original value. Oh no, standard depreciation within the expected range! How will we cope? > Research from Auto Trader said there were “unsustainable levels of depreciation” in the electric car market, with used prices of battery-powered vehicles dropping by 23pc in the last year alone. Is this because some of them are new models, and the average age is increasing? One article like this made mention of the Model X as one of the highest depreciation. It’s basically no longer sold in the UK (you can get one but the steering wheel is on the wrong side) so therefore the only cars on the market are getting older with no new ones to keep the price up. > Campaigners have said motorists will continue to find electric cars too expensive without government subsidies, which ended in 2022, or other incentives such as cuts to VAT. So which is it? Too expensive or too cheap?