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EVs lose more than 50% of their value
within first two years

Original Article

Posted By: Hazymac, 5/29/2025 8:37:53 PM

When an industry requires endless subsidization, that means it’s signaling a lack of potential—both short-term and long-term—so it’s *probably* a bad investment. According to Matt Oliver at The Telegraph, new numbers from the electric vehicle industry show that these cars are depreciating rapidly, much faster than their gasoline counterparts; after just two years of ownership, these cars are worth less than half of what their owners originally paid. (I mean, we tried telling them these were foolish purchases, but they didn’t want to listen.) Here’s this, per Oliver: A typical EV now retains only 49pc of its value after 24 months, a sharp decline from 83pc as recently as 2022,

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Reply 1 - Posted by: DVC 5/29/2025 8:49:06 PM (No. 1957172)
Gee, what a bargain for the second owner. Well, unless you have to replace a $25,000 battery. LOL!
11 people like this.

Reply 2 - Posted by: bpl40 5/29/2025 8:56:38 PM (No. 1957175)
Half the ‘value’ gone in two years. And you are a fool for paying for the other half.
10 people like this.

Reply 3 - Posted by: snakeoil 5/29/2025 9:00:51 PM (No. 1957176)
Remember when GM came out with The Saturn. New car, new way of making cars, new way of selling cars, etc. Then Belly Up.
5 people like this.

Reply 4 - Posted by: Msquared112 5/29/2025 9:02:59 PM (No. 1957178)
This is just not EV’s time. Battery problems, fires, charging is too long, can’t take long trips, prices too high. Very little is right about EVs right now. It will take a major innovation to make EVs palatable to more people.
8 people like this.

Reply 5 - Posted by: scottj 5/29/2025 9:05:57 PM (No. 1957180)
Stupid liberals.
4 people like this.

Reply 6 - Posted by: DVC 5/29/2025 10:47:12 PM (No. 1957208)
Re #3, that version of the story is not correct. Obama forced GM to put multiple labor union leaders on the GM Board of Directors. These union officials for ed GM to shut down Saturn because it was a successful non-union subsidiary, and the union would nit have it. Saturn was a successful company but murdered by Obama and unions.
13 people like this.

Reply 7 - Posted by: stablemoney 5/29/2025 10:51:28 PM (No. 1957212)
Read the demographics. Half the country are renters. I don't think they are going to spend their evenings and weekends at a charging station. The tires last half as long. How many rural areas have anybody that can fix them? The insurance is 50% more expensive. An EV is expensive, even with a government subsidy. EV mandates have bankrupted the auto companies--yes again--, and Trump is having to bail them out with tariff protections.
2 people like this.

Reply 8 - Posted by: Strike3 5/30/2025 4:18:11 AM (No. 1957266)
But, but the environment. We elites care about the delusion of clean energy, never mind that it took a whole bunch of digging and burning to make this electricity. It makes us feel good. A lithium battery and twice as many tires going into a landfill over the life of the car? No problem, it's clean and green. Local crash crews can't put car fires out? Don't crash.
3 people like this.

Reply 9 - Posted by: mossley 5/30/2025 8:32:09 AM (No. 1957359)
#6 is correct. And I had a Saturn that I drove daily for 24 years. It was a great, basic car.
1 person likes this.

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