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Electric vehicle owners getting hit with negative equity as depreciation crushes used EV values
[JustTheNews] The data shows that a Tesla Model 3 will depreciate 45% after three years. A gas-powered Toyota RAV4, for comparison, will depreciate 22% after three years. The resale value of the Tesla Model 3 after one year of ownership is only 64.38% of its purchase price.
Posted by: Skidmark 2024-08-07
http://www.rantburg.com/poparticle.php?ID=705605