EV Depreciation Is Still Brutal. But Hybrids Should Give Us Hope
The average five-year-old EV has lost 57.2% of its value, new data from iSeeCars shows. That means they depreciate far faster than the industry average—41.8% over five years. Hybrids used to depreciate faster than the market, but are now the slowest-depreciating powertrain type. That shows that this condition probably won’t affect EVs in the long-term. Depreciation […]
Why 2026 Will Be The Best Year Yet To Buy A Used EV
Car-buying website Edmunds predicts a huge flood of lease turn-ins in 2026. That will include electric vehicles, many of which were leased during the tax credit era. Coupled with depreciation, this means that a giant supply of low-mileage EVs are hitting dealer lots, many with excellent range and outstanding features. Some people say that given […]