Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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EV prices are falling while the average new car tops $50K (electrek.co)

submitted 18 hours ago by betanumerus@lemmy.ca to c/electricvehicles@slrpnk.net

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[–] thatOneGuy@aussie.zone 3 points 13 hours ago

In the context of OP, depreciation means that a “$50K when new” car may only be worth ~$35K if you choose to buy it 1-2 years later.

So it’s not so much about it’s residual value at any point in time, but rather how EVs tend to have a steeper depreciation curve at the beginning - making lightly used models a more attractive bargain.