Electric Vehicles Should Have Terrible Depreciation Year

Plug-in elec­tric vehi­cles are expect­ed to have the worst decline of any seg­ment this year – down 30%, accord­ing to a NADA Used Car Guide spe­cial report. “The steep rate of depre­ci­a­tion for used plug-in elec­tric vehi­cles can be attrib­uted to lim­it­ed range, man­u­fac­tur­er incen­tives and fed­er­al tax cred­its intend­ed to off­set the high­er prices of new plug-in elec­tric vehi­cles,” said NADA Used Car Guide’ Jonathan Banks.

The issue becomes the per­cep­tion of new vs. used – Banks said. “Few con­sumers are will­ing to pur­chase a cred­it-inel­i­gi­ble, used plug-in elec­tric vehi­cle for more than they would pay for a new one, less the fed­er­al tax cred­it,” Banks said.


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