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> EVs have a used car problem. They absolutely get decimated by depreciation. I see this narrative pushed a lot, but never with any numbers. When I look at the

• genocidicbunny 3y ago
  My 8 year old ICE is still worth about 60% of what i paid for it, and that's with quite a lot of miles on it.
  • thebruce87m 3y ago
    I’m sure there are outliers, but yours is far from the norm in the UK at least. > 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. https://motorway.co.uk/sell-my-car/guides/car-depreciation-guide https://motorway.co.uk/sell-my-car/guides/car-depreciation-g...
    • genocidicbunny 3y ago
      Perhaps, but mine is just a high-trim Mazda 6, so nothing particularly exotic or special. Perhaps Mazdas hold their value better, or this is more of a US situation.
• Gibbon1 3y ago
  Lot of EV's are basically lux cars. And those always have a sharp drop in price. When I look at the non lux Chevy Bolt the used price doesn't seem that much off the tax and incentive adjusted price of a new one.