Electric vehicles lose value 70 times faster than gasoline cars!

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Kyle Conner

Kyle Conner is a YouTuber, and does videos about cars. Recently he made a video about his Tesla Model S he bought in 2022, and his attempt to resell it via Tesla 2 years later. He was astonished.

He bought his Long Range Tesla Model S for around 140000 USD in 2022. Now, 37000 miles later he tries to resell it via Tesla’s resell option and the offer he gets is staggering.
They offer him 46400 USD for his only two year old car with very little mileage.
Of course he would probably get a bit more if he tried to sell it man to man. But it won’t differ more than 5000 USD.

It means that his car lost 67 % in value in two years. And this is no exception. Research has shown that electric vehicles lose their value 70 times faster than gasoline cars. Some brands lose more value than others. But the resell value of electric vehicles is extremely low compared to their combustion brothers…

It makes you think twice about the purchase of one!

Sincerely,

Pele23

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