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Isaac King's avatar

This is potentially good news, but only potentially, because it ignores the most important question: Are they cheaper because they've become less useful? Batteries degrade over time, so electric cars will lose range as they age. Of course ICE cars also degrade over time, but it seems likely that their loss of utility is slower than electric.

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Alexis's avatar

This is potentially good news for buyer of second-hand vehicles, but not for buyers of new vechicles. I have heard several time people saying that the steeper decrease in the value of the electric car on the second-hand market was a barrier to purchasing an EV.

And the second-hand market need some new vehicle buyers.

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