In the article “The EV evolution is going to take longer than we thought,” The Verge detailed how various factors are causing electric vehicle (EV) sales to fluctuate, citing a study led by GW Engineering researchers titled “Battery-Powered Bargains? Assessing Electric Vehicle Resale Value in the United States” to explain how depreciation plays into this.
Here is an excerpt from the article: “There’s also a depreciation problem. New research out of George Washington University finds that older EVs depreciate in value faster than conventional gas cars.”
Read the full article on The Verge.