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The EV evolution is going to take longer than we thought


Things are likely to remain volatile and unpredictable. And that’s okay.

New research out of George Washington University finds that older EVs depreciate in value faster than conventional gas cars. The upside is that newer models with longer driving ranges are holding their value better and approaching the retention rates of many gas cars. But JD Power is optimistic about where that’s heading, especially as public satisfaction is growing in both Level 2 and DC fast charging over two consecutive quarters.

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EV evolution