Buying a car is expensive, and consumers want to know that it will have some residual value when it comes time to sell. But as the industry moves from internal combustion power to electric vehicles, one big unknown is how the value of these EVs will hold up.
"We have decades of information that give the buyer of say, a high-end pickup truck, a lot of confidence that he or she can resell that vehicle five years from now for a significant portion of what they originally paid," Patrick Anderson, founder of Anderson Economic Group, told Insider.
In the electric future, things aren't so clear. "Nobody knows what that is going to be for a Cybertruck or F-150 Lightning or a Lucid Dream Edition," Anderson said.
Mileage became a really important indicator around the value of the vehicle because mileage is really just an indicator of usage of the engine," Patton said of gas cars. "We know that that's not necessarily a good indicator for the health of the battery."
https://www.businessinsider.com/electric-car-vehicle-resale-value-mystery-tesla-2023-1
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