For some time now I’ve raised concern regarding the poor resale values of electric vehicles and that it would cost early adopters at trade-in time. Recent data supplied by the Australian Automobile Dealer Association, Automotive Insights Report, which studies used car sales, has found that electric vehicles lose 25 percent of their value in the first 12 months, depreciating at more than twice the rate of petrol-powered vehicles. A one-year-old EV loses a quarter of its purchase price compared to around 11.5 percent for petrol models. Diesel models were found to depreciate just five per cent in 12 months while Hybrids dropped just 1.7 per-cent in the same period. The AADA wisely attributed the strong EV depreciation to the aggressive discounting particularly from new Chinese brands entering the market while our best-selling EV, the Tesla Model Y, was slashed by $9500 during last year. I’m David Berthon

For some time now I&rsquo;ve raised concern regarding the poor resale values of electric vehicles and that it would cost early adopters at trade-in time. Recent data supplied by the Australian Automobile Dealer Association, Automotive Insights Report, which studies used car sales, has found that electric vehicles lose 25 percent of their value in the first 12 months, depreciating at more than twice the rate of petrol-powered vehicles. A one-year-old EV loses a quarter of its purchase price compared to around 11.5 percent for petrol models. Diesel models were found to depreciate just five per cent in 12 months while Hybrids dropped just 1.7 per-cent in the same period. The AADA wisely attributed the strong EV depreciation to the aggressive discounting particularly from new Chinese brands entering the market while our best-selling EV, the Tesla Model Y, was slashed by $9500 during last year. I&rsquo;m David Berthon

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon. 

For more engaging content visit the 2GB website, or listen live to 2GB 873.

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon.&nbsp;
For more engaging content visit the 2GB website, or listen live to 2GB 873.

Motor Torque with David Berthon

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon. 

For more engaging content visit the 2GB website, or listen live to 2GB 873 

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon.&nbsp;
For more engaging content visit the 2GB website, or listen live to 2GB 873&nbsp;

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