Here's Why Electric-Car Resale Values Are Rising, With Tesla Leading The Segment

Share to twitterThe Tesla Model 3 bucks the trend among electric cars by having an unusually strong resale value. Electric vehicles have, for the most part, suffered from below-average resale values because of a convergence of unfortunate factors. These include the federal one-time tax credit that effectively slashes an EV’s out-the-door price by as much as $7,500, along with relatively weak marketplace demand and the limited operating range of many EVs.

“We are currently seeing the Chevrolet Bolt hold its value at auction much better than other EVs with shorter range,” says Eric Ibara, KBB’s director of residual values. “We think range could be an important factor in determining an EV’s residual value.” You may notice, however, the Tesla Model S, traditionally with one of the highest resale values among EVs, is not represented here. The data teams at KBB are finalizing the latest model year information and it remains unavailable as of this writing.

For some strange reason when I clicked on that link there was a popup ad for Lincoln and a side add for a Ram Truck. They have great resale value because the cars are AMAZING. Both in quality and tech. A 3 year old Tesla is more advanced than a new Toyota.

April Fool’s Day is tomorrow, - we all know how much you hate Elon and Tesla already. Nice try

I would love one of these

Cool

Who is crazy enough to buy an used electric car?

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