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Used Electric Vehicle Prices Continue To Plummet
Used electric vehicle prices continue to plummet according to a new iSeeCars study. By plu mmet, we mean they've lost 24.7 percent of their value over the past year, falling four times faster than hybrids and six times faster than gasoline models. Compare that to a 6 percent drop in used hybrid prices and 4.4 percent drop in used gasoline prices.
Study Shows Major Price Drops On Used Electric Vehicles
But the price drops have been especially pronounced on the used-car side of the lot, where pre-owned EVs are now selling for 11.4% less than internal combustion models. A year ago, they were going for 12.
Second-hand electric car prices falling at faster and faster rate
Electric vehicles (EVs) are losing value at an “unsustainable” rate as a slowdown in consumer demand sends used car prices tumbling, leasing companies have warned.
2024 MG 4 electric car price slashed to $30,990 drive-away for limited time
Australia has a new most affordable electric car – again. The base-model MG 4 has been slashed to $30,990 drive-away until November, alongside discounts for other models. The title of the most affordable new electric car in Australia has changed hands yet again with discounts of up to $10,
As Used Car Prices Fall, Used EV Prices Fall Harder
A ccording to a study from iseecars.com published this month, used car prices have slumped somewhat with the EV market especially being dragged down by the Tesla Model 3’s 24.8%
Car prices are finally falling. Here's why people still aren't buying.
Consumers are staying out of the market amid high insurance, loan, and maintenance costs, Bank of America says.
10 Used Car Models With Plunging Prices (Most Are Electric)
3h
MG4 electric price cut in Australia
MG has slashed the price of its MG4 electric car by $10,000 in response to increased competition in the class.
19h
Germany suffers ‘spectacular’ 70pc drop in electric car sales
Germany has suffered a “spectacular” drop in electric car sales as the European Union faces growing calls to delay its net ...
Impacts
2d
Which One Is Better? Electric Cars or Petrol Cars
Technological development of electric vehicles has brought a lot of changes in our lives, such as freedom and flexibility ...
Torque News
5d
Used EV Prices Fall Far Below Used Gas Car Prices and Considerable Bargains Outsell Used Gas Cars
Used EV prices have made these cars a considerable bargain, and they appear to be outselling similar used gas cars now; they ...
Electrek
13h
Electric flying car maker Alef secures mass manufacturing deal as pre-orders top 3,200
Flying cars are no longer just from sci-fi movies. Electric flying car maker Alef Aeronautics is one step closer ...
4h
Investors shun European car stocks despite rock bottom valuations
European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry ...
2d
Best long-range electric cars 2024: Top 10 EVs that go the distance
Range anxiety is becoming a thing of the past. Newer battery tech means the best EVs can reach 300 or even 400 miles on a ...
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