Electric vehicle prices are bucking a long-standing trend in the used car market, according to a recent analysis. The "law of used cars" suggests that the retail price of a used vehicle should be around 20-30% less than its original sticker price after one year on the market. However, data from various sources indicates that EVs are holding their value much better than expected, with some models retaining up to 60% of their original price after just one year. As a result, buyers may be facing higher sticker prices, while sellers may be holding onto their EVs for longer, potentially impacting the market dynamics and consumer behavior in the electric vehicle sector.
EV prices aren't following the 'law of used cars,' analyst says — what it means for buyers and sellers CNBC
