Electric Cars Can Hold A Charge, But - For Now - Not Their Value
In December, USA TODAY published the results of a study it commissioned with Kelley Blue Book. The conclusion: Electric cars don’t hold their value as well as conventional cars.
The story projected residual values for electric cars after five years. For example, the Nissan Leaf is expected to retain 15 percent of its new value vs. 36 percent for a similar Sentra. Ford’s Focus EV will retain 20 percent vs. 36 percent for a Focus Titanium. The Chevy Spark EV is projected to return 28 percent compared with 40 percent for a standard model.
To find out why this might be so, we turned to Ricky Beggs, senior vice president and editorial director of auto value guide Black Book.
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