Part 6/9:
The Resale Market and Ownership Challenges
A striking 46% of American EV owners have expressed intentions to revert to traditional vehicles for their next purchase, often citing difficulties with charging as the primary concern. A significant issue faced by EV owners has been the rapid depreciation of their vehicles; studies show that many EVs can lose value between 25% to 30% within just one year.
The depreciation dilemma is compounded by a growing perception that used EVs are less desirable than gasoline-powered alternatives. As high upfront costs and insurance constraints persist, many buyers remain hesitant toward electric vehicles.