Electric vehicle (EV) depreciation is a critical issue, with some models losing up to 50% of their value within just 12 months after purchase.
The swift depreciation of certain EVs can result in financial losses that exceed $600 per day, surprising many new electric car owners unprepared for such drops.
EV owners considering resale within a year should brace for significant losses; the used market is offering great deals but at the cost of first-year depreciation.
UK market data reveals that not all EVs suffer equally, but the rapid fall in resale value highlights a growing concern and market inconsistency.
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