Electric vehicles (EV) are depreciated much faster than the average for all cars, with a remarkable exception, Tesla, whose vehicles keep values better than their gas-powered rivals.
Car research company and car search engine iSeeCars. com has investigated the depreciation of electrical and electronic components and found that the easily used electric cars – the average three-year-old used prices – in the EV segment decline on average 56.6 percent compared to the average depreciation of 38.2 percent for all vehicles.
"Electric vehicles usually decline more than average vehicles because resale values take into account the $ 7,500 federal tax credit and other government and local credits used on those vehicles when they were purchased," says iSeeCar CEO Phong Ly.
" Because the technology of electrical and electronic components is changing at a rapid pace, obsolescence also plays a role in their dramatic depreciation, as well as consumer anxiety and lack of public charging infrastructure, "says Ly.
The best purchases for those looking for Buying an easily used EV is the Fiat 500e, which decreases by 69.7 percent, followed by the BMW i3, the Nissan LEAF, the Volkswagen e-Golf and the Ford Fusion Energy, according to an iSeeCar ranking.
Separately, iSeeCars found that used late model versions by Tesla Model S is in great demand compared to similar luxury cars, and that despite high average prices, Model S sells faster than n its competitors
An Autolist.com study found last December that the Tesla model S and Model X keep their resale value better than any of their gas-powered peers, with the model S value averaging 27 percent after 50,000 miles, compared to an average of 36 percent in their segment, and the model X value down by an averag e 23 percent, compared to 33 percent in their segment.
At the same time, Tesla's new vehicle sales in North America reached their full-time home market, according to a report by Electrek earlier this month, citing exclusive information provided by non-named sources.
By Tsvetana Paraskova for Oilprice.com
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