According to a recent study by iSeeCars, electric cars depreciate faster than other types of vehicles, such as gasoline-powered, diesel-powered, and hybrid cars, after about 5 years of use.
The study reveals that electric cars have an average depreciation rate of 49.1% over 5 years, which is higher than SUVs at 41.2% and hybrids at 37.4%.
For instance, the Tesla Model S is the electric car that experiences the highest depreciation, losing an average of 55.5% of its value after 5 years. On the other hand, the “little brother” Model 3 has the lowest depreciation rate among Tesla’s electric car models, at 42.9%.
In contrast, gasoline/diesel vehicles have a relatively stable depreciation rate over the years. The Porsche 911 has the lowest depreciation rate after 5 years of ownership, at 9.3%. It is followed by the Porsche 718 Cayman (17.6%) and the Toyota Tacoma (20.4%).
The faster depreciation of electric cars compared to gasoline/diesel vehicles can be attributed to several factors. Firstly, most electric car batteries degrade and require replacement after approximately 8 years of use. According to Forbes, a typical battery loses about 2% of its charge capacity per year, regardless of whether the owner follows the manufacturer’s recommendations or not.
Secondly, advancements in battery and electric motor technology have a significant impact on the value of electric cars in the secondary market.
Many potential buyers hesitate to purchase used electric cars due to concerns about battery issues and performance. As a result, used electric cars are often heavily discounted to make them more appealing to consumers.
Furthermore, government tax exemptions and credit incentives for electric cars, implemented in many countries, not only stimulate consumer demand but also contribute to the faster depreciation of these vehicles.
TH (Tuoitrethudo)
