Been digging through the latest auction data and the rate of depreciation on three-year-old EVs is still brutal. Some models are losing nearly half their value, while comparable petrol cars are holding up much better. Curious what everyone thinks: on one hand, it puts affordable used EVs within reach for more buyers. On the other, it wrecks the total cost of ownership argument for anyone leasing or financing a new one. Residual value forecasts keep getting revised downward, and that has to impact how manufacturers price their new stock. Are we in a temporary correction as the market catches up from the COVID-era price spikes, or is this the new normal as battery tech improves every year? Also, does anyone have data
Used EV prices falling fast - good or bad for uptake?
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