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Used EVs depreciate 10x faster than gas-powered cars

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by BuyMyCarGlobal

Used electric vehicles are depreciating 10 times faster than their gas-powered counterparts, according to a new study from iSeeCars.com. The average price of a used electric vehicle plummeted 31.8% over the last 12 months, compared with a 3.6% decline overall.

What You Need To Know

  • Used electric vehicle prices have fallen almost 10 times faster than for gas-powered cars over the past 12 months

  • Used EV prices fell 31.8% in February compared with a year earlier; used gas-powered…

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