Part 3/8:
Industry insiders have pointed out that the resale value of EVs is plummeting faster than that of smartphones. A car purchased for 300,000 yuan can depreciate to about 150,000 yuan within two years, resulting in massive losses for owners. This depreciation trend can wipe out a year’s salary for many consumers, leading to critical questions about the sustainability of EV ownership.
An industry analyst asserted that the rapid evolution of technology within EVs is leading to obsolescence at an alarming rate. New advancements in battery technology and features appear almost outdated shortly after a vehicle’s purchase, shifting the perception of EVs from being long-term assets to disposable consumer products.