Used EV prices are dropping, but long-range models appear to be holding their value better, according to Automotive News. As analysts try to fit used-car value metrics to the growing population of used EVs, J.D. Power is applying a "pretty significant deduct" to the residual value of any model with a range below 275 miles, which the firm considers... Used EV depreciation: Do long-range models hold more value?
Used EV prices are dropping, but long-range models appear to be holding their value better, according to Automotive News. As analysts try to fit used-car value metrics to the growing population of used EVs, J.D. Power is applying a "pretty significant deduct" to the residual value of any model with a range below 275 miles, which the firm considers...