Electric Car Values in Free Fall as Second-Hand Prices Halve in Two Years by Will Jones

Electric vehicles are losing value at an “unsustainable” rate as a slowdown in consumer demand causes used car prices to halve in two years, leasing companies have warned.

The Telegraph has the story.

The British Vehicle Rental & Leasing Association (BVRLA) warned that so-called fleet operators, such as car leasing firms and rental companies, are having to swallow large losses when reselling EVs because of “accelerated, exceptional depreciation”...
This means a car worth £50,000 when new will now drop to £17,500 in value over three years, instead of £30,000.
This leaves leasing companies facing unexpected losses...