A new analysis challenges the automotive industry’s long-standing assumption that electric vehicles lose significant value after their first owner. Research by Transport & Environment reveals that second-hand electric cars hold onto their worth far better than previously estimated, contradicting widespread claims that battery degradation and shifting consumer preferences lead to steep depreciation. The findings suggest that used EV markets may be more resilient than expected, offering potential cost savings for buyers while complicating industry arguments about the need for frequent replacements. Critics argue the data could reshape perceptions of electric vehicle affordability and longevity.
Second-hand EVs retain more value than industry claims: T&E Sustainability Online
