The worth of used electrical autos is falling at practically 10 instances the pace of inner combustion autos. Whereas the autos stay widespread, a number of components, together with fuel costs and Tesla’s monumental affect, are inflicting the worth of second-hand EVs to drop dramatically.

In June, the common worth of an EV was 29.5 p.c decrease than it had been a 12 months earlier. That’s even decrease than in Might, when costs had been 28.9 p.c decrease than a 12 months earlier than, in accordance with new knowledge. In the meantime, the common worth of a used automobile, industry-wide, was down simply 3.6 p.c in June 2023.

Learn Article