In the article “Used EVs Pull New Duty As Guardians Of The Grid,” CleanTechnica reports on how used electric vehicles (EVs) may be utilized for new microgrid operations that aim to build resilience within the grid. The author cited the study led by GW Engineering researchers titled “Battery-Powered Bargains? Assessing Electric Vehicle Resale Value in the United States” to discuss how depreciation rate for new EVs is beginning to slow down while battery range improves.
Here is an excerpt from the article: “[The study] found that older battery-electric vehicles and plug-in hybrid electric vehicles with shorter driving ranges depreciated at faster rates than conventional cars and hybrid electric cars; the one exception being Tesla, whose older battery electric vehicle model held its value better,” explains the GW communications team. “However, the study also showed the trend is changing – as newer model electric vehicles with higher driving ranges come online, they are retaining their value better than older models with smaller driving ranges,” they add.”
Read the full article on CleanTechnica.