"Depreciation Dilemma: Electric Vehicles Lose Value Faster Than Expected in Canada. A shocking report has revealed that four-year-old electric vehicles in Canada are now worth less than half of their original purchase price, a staggering loss of value that far outpaces internal-combustion-engine vehicles and hybrids. This unexpected depreciation trend is raising eyebrows among car owners, manufacturers, and industry experts alike, who are scrambling to understand the reasons behind this phenomenon. As the world continues to shift towards electric vehicles, the implications of this trend could have significant consequences for the future of the industry, and for those who have invested in these eco-friendly cars."
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.
