Guests attend as Hertz kicks off one of the country’s largest electric vehicle test drives at the company’s Los Angeles International Airport location on July 19, 2023 in Los Angeles, California. Drivers had the chance to test drive an EV and see the newest EV models showcased by Tesla, Chevrolet, Polestar, and Kia. – Photo: […]
Tag: depreciation
Electric cars suffer ‘unsustainable’ depreciation in secondhand market
used electric cars Electric cars lose as much as half of their value after just three years on the road, new figures show, as the rate of depreciation far outstrips conventional equivalents. Research from Auto Trader said there were “unsustainable levels of depreciation” in the electric car market, with used prices of battery-powered vehicles dropping […]