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America's Used EV Price Crash Keeps Getting Deeper
Long-time Slashdot reader schwit1 shares CNBC's report on the U.S. car market: Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any "premium" tag formerly associ...
In dollar terms, the gap widened from $265 in February to $2,657 in May, according to an analysis of 2.2 million one to five year-old used cars conducted by iSeeCars. Electric power is now a detractor in the consumer's mind, with EVs "less desirable" and therefore less valuable than traditional cars, he said. The article notes there's been a price war among EV manufacturers — and that newer EV models might be more attractive due to "longer ranges and improved battery life with temperature control for charging."
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