Used electric car prices plummet after two years, data finds – Drive

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Used electric cars have below-average resale value and spend a longer time on sale than other used cars, new Australian data has found.

The data, taken from dealer and private used-car listings in Australia in December 2023, shows electric vehicles (EVs) are currently losing a large proportion of their value after the two-year mark.

The recent easing of EV supply constraints and widespread manufacturer…

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