Assistant Professor of Engineering Management and Systems Engineering John Helveston released new data about depreciation in electric vehicles (EVs). In the article "New research finds electric vehicles depreciate faster than gas cars, but the trend is changing," GW Media Relations covered the paper's findings.
Here is an excerpt from the article: "Thinking of buying an electric vehicle but unsure about its resale value? New research finds that while older electric vehicle models depreciate in value faster than conventional gas cars, newer electric vehicle models with longer driving ranges are holding their value better and approaching the retention rates of many gas cars."
Read the full article on GW Media Relations.