Used EVs don't sell - so where do they go?
Molly Loe
6–7 minutes
Used EVs are piling up in scrapyards as a lack of resales has a knock-on effect on new vehicle sales.
New is deemed inherently better than old in a rapidly evolving technological era.
Electric cars do more than just drive – one might save you in an emergency!
https://techhq.com/2024/01/why-does-no-one-buy-used-evs/
#Australia #MassExtinction #pollution #ecology #environment #climate
@Snoro the article touched on a few points but never got to the real trends. EVs used to hold their value well because they were rare. Now new EVs are dropping their price, their deprecation curve is becoming similar to ICE vehicles. The China 'issue' is very different. They had 100 brands and were reduced to a few dozen so there was a lot of product for models that didn't sell.
@Snoro I take all short term trends in the EV space with a large grain of salt. We are in the early turbulent years. Even the good sales trends in Australia. It will reduce then go back up.