The impact of electric cars on the resale value of electric car models
Latest Blog Posts
- Electric cars and the concept of vehicle-to-vehicle (V2V) communication
- The challenges and benefits of long-distance travel in electric cars
- Electric cars and the integration of renewable energy microgrids
- The impact of electric cars on reducing dependence on foreign oil
- Electric cars and their potential in reducing traffic accidents
- The role of electric cars in sustainable urban development
- The future of electric car charging: ultra-fast charging technology
- Electric cars and their impact on reducing noise pollution in cities
- Electric cars and the potential for bi-directional charging
- The challenges and advancements in electric car cybersecurity
The impact of electric cars on the resale value of electric car models
Electric cars are all the rage these days. But what does that mean for the resale value of electric car models?
It's no secret that electric cars are more expensive than their gasoline-powered counterparts. But what does that mean for the resale value of electric car models?
A new study from Kelley Blue Book found that, on average, electric cars retain about 46 percent of their value after five years. That's compared to an average of 39 percent for gasoline-powered cars.
The study looked at the resale value of three electric car models - the Tesla Model S, the BMW i3, and the Chevrolet Volt - and compared them to their gasoline-powered counterparts.
The Tesla Model S, for example, has a resale value of about 46 percent after five years. That's compared to an average of 26 percent for gasoline-powered cars.
The BMW i3 has a resale value of about 43 percent after five years. That's compared to an average of 32 percent for gasoline-powered cars.
And the Chevrolet Volt has a resale value of about 42 percent after five years. That's compared to an average of 37 percent for gasoline-powered cars.
So, what does this all mean?
Well, it means that electric cars are holding their value better than gasoline-powered cars. And that's good news for anyone thinking about buying an electric car.
Of course, it's important to keep in mind that these numbers are averages. Your individual results may vary.
But if you're thinking about buying an electric car, it's good to know that you're likely to get a good return on your investment.
It's no secret that electric cars are more expensive than their gasoline-powered counterparts. But what does that mean for the resale value of electric car models?
A new study from Kelley Blue Book found that, on average, electric cars retain about 46 percent of their value after five years. That's compared to an average of 39 percent for gasoline-powered cars.
The study looked at the resale value of three electric car models - the Tesla Model S, the BMW i3, and the Chevrolet Volt - and compared them to their gasoline-powered counterparts.
The Tesla Model S, for example, has a resale value of about 46 percent after five years. That's compared to an average of 26 percent for gasoline-powered cars.
The BMW i3 has a resale value of about 43 percent after five years. That's compared to an average of 32 percent for gasoline-powered cars.
And the Chevrolet Volt has a resale value of about 42 percent after five years. That's compared to an average of 37 percent for gasoline-powered cars.
So, what does this all mean?
Well, it means that electric cars are holding their value better than gasoline-powered cars. And that's good news for anyone thinking about buying an electric car.
Of course, it's important to keep in mind that these numbers are averages. Your individual results may vary.
But if you're thinking about buying an electric car, it's good to know that you're likely to get a good return on your investment.
Oct 02, 2023
+1 (954) 669-3476
