"Depreciation Nation: Electric Vehicles Lose Value at Alarming Rate in Canada. A shocking new trend has emerged in the Canadian automotive market, with four-year-old electric vehicles (EVs) selling for less than half their original purchase price. This drastic depreciation is a stark contrast to their internal-combustion-engine counterparts, which still retain a significant portion of their value after four years. As the demand for EVs continues to grow, concerns are rising about the long-term financial implications for consumers who purchase these vehicles, and the sustainability of the electric vehicle market as a whole."
In 2025, four-year old electric vehicles in Canada were worth less than half of what they were purchased for, far less than internal-combustion-engine vehicles or hybrids.
