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Used Electric Car Prices Plunge -49%: iSeeCars Study

Price of used electric cars The fastest and most vertical drop, almost -50%.

The BTimes page has revealed a message stating that on Dec 20, 2023 it is clear that the price of second-hand electric vehicles (EVs) dropped the fastest and fell the most, almost -50%, while the price of second-hand trucks fell the least, falling only -35%. The iSeeCars website, which is a website that produces general and in-depth content about automobiles, one of the most famous in the United States, revealed that the group of automobiles whose prices are falling rapidly are electric cars or EV cars. The survey results found that the second-hand selling price of electric cars or cars EV prices have fallen the fastest and the most by -49% when compared to the prices of used cars of all groups and engine types over the past 5 years in a row, as follows:

1. EV electric car -49%

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2. SUV -41%

3. Hybrid cars -37%

4. Trucks -35% and on average the used prices in all 4 groups found that the used prices dropped -39%.

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Factors affecting the trend of second-hand prices of electric cars or EVs deteriorating most rapidly decreased the most And the price dropped below the average second-hand price in all four vehicle categories due to the rapid slowdown in demand for EVs this year in the United States. which is a result of the economic slowdown and have very high financial costs. In addition, there are many policies to promote and support the price of EV cars in order to hasten consumers to decide to buy EV cars. In exchange for compensation to accelerate production of EV vehicles in large numbers in the future.

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2023-12-26 04:26:22

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