Reply To: Prices Of Used EV’s Plummet

#217961
MFillingham
Participant

    This should hardly be unexpected.  EVs have held prices at impossible rates due to supply issues on new cars, as soon as new ones became available quicker, the market must correct itself.  Normally you’d expect a third of the purchase price gone in 3 years, and, surprisingly, most people will be approaching that, all be it in a rather odd curve.  Most people won’t have been in profit for 2 years.

     

    Add in the high electricity prices killing off the difference between petrol costs and electric motoring (using public chargers) and the high price of purchase is unsustainable.

     

    Worry not though, expectation is that cars won’t continue to plummet, once the correction has happened, the rest will even out.

    I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
    I'll try to give my honest opinion but am always open to learning.

    Mark