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Another angle to look at it is that cars cost a lot, petrol and electric alike. The only way to reduce depreciation is for the folks to be able to buy used cars
by sublimefire 1y ago
Another angle to look at it is that cars cost a lot, petrol and electric alike. The only way to reduce depreciation is for the folks to be able to buy used cars for a lot which means financing.
> A U.K.-based study found 3-year-old EVs lost more than half of their value compared with 39% for gas cars.
40-50% depreciation is crazy, there is little reason why this should happen as cars do not change that much in such a short time. I bet they would not depreciate that hard if a new car was sold at 30k.
- rootusrootus 1y ago> 40-50% depreciation is crazy It's most likely a lie, they probably based the numbers on the original MSRP rather than the original out-the-door price.
- rasz 1y agoUK ZEV mandate led to absolutely insane EV incentives for businesses distorting the market towards huge expensive but crap German EVs like Audi e-trons. Those EVs depreciate like crazy. Mercedes EQS must be a record holder at 50% in a year.
- rootusrootus 1y agoYeah I wouldn't be surprised. Even without the EV-factor, German cars don't have a particularly great track record for depreciation. It's a marvel to see just how much a VW GTI, for example, can depreciate in year 1.
- ahartmetz 1y agoSucks if you buy a GTI, but the depreciation is actually kind of positve for German private buyers of "business-compatible" cars. Over 50% of VW cars in Germany have businesses as first owners, mostly due to business car taxation rules, so they enter the private market as used cars. Given how long cars last these days (yes, even VW - mine is from I think 2009), buying used is a no-brainer if money is at all an issue.