As the prices of new electric vehicles tumble, second-hand values have also taken a turn for the worse – but it won’t be that way forever
The significant growth in new electric vehicle (EV) sales has seen the values of used EVs plummet in many countries around the world, including Australia.
Here, resale values of EVs declined by more 21 per cent in the 12 months to January 2024 – meaning a used EV depreciates more than its internal combustion engine (ICE) equivalent.
So why…
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