{"id":13384,"date":"2025-03-28T07:00:00","date_gmt":"2025-03-28T07:00:00","guid":{"rendered":"https:\/\/www.dailybase.com\/en\/?p=13384"},"modified":"2025-03-28T00:51:22","modified_gmt":"2025-03-28T00:51:22","slug":"evs-vs-ice-shocking-resale-value-drop-for-electric-cars","status":"publish","type":"post","link":"https:\/\/www.dailybase.com\/en\/evs-vs-ice-shocking-resale-value-drop-for-electric-cars\/","title":{"rendered":"EVs vs ICE: Shocking Resale Value Drop for Electric Cars"},"content":{"rendered":"\n<p>Electric vehicles (EVs) promise a greener future, lower fuel costs, and cutting-edge tech, but there\u2019s one drawback many buyers overlook\u2014resale value. A recent UK study by\u00a0<em>Value My Car<\/em>\u00a0found that electric cars, on average, lose value faster than their internal combustion engine (ICE) counterparts.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.dailybase.com\/en\/evs-vs-ice-shocking-resale-value-drop-for-electric-cars\/#The_Depreciation_Dilemma_Of_Electric_Cars\" >The Depreciation Dilemma Of Electric Cars<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.dailybase.com\/en\/evs-vs-ice-shocking-resale-value-drop-for-electric-cars\/#Why_Are_Electric_Cars_Losing_Value_Faster\" >Why Are Electric Cars Losing Value Faster?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.dailybase.com\/en\/evs-vs-ice-shocking-resale-value-drop-for-electric-cars\/#Should_You_Still_Buy_an_EV\" >Should You Still Buy an EV?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.dailybase.com\/en\/evs-vs-ice-shocking-resale-value-drop-for-electric-cars\/#Credit\" >Credit:<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-the-depreciation-dilemma-of-electric-cars\"><span class=\"ez-toc-section\" id=\"The_Depreciation_Dilemma_Of_Electric_Cars\"><\/span><strong>The Depreciation Dilemma<\/strong> Of Electric Cars<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After analyzing 20 popular models, the study revealed that 16 EVs suffered greater depreciation than their gas-powered equivalents. Leading the pack was the Toyota bZ4X, which lost a staggering 29% of its value. The Ford F-150 Lightning Lariat followed closely behind at 25.8%, with the Audi Q8 e-tron not far off at 24%. These numbers raise concerns about the long-term financial appeal of EVs, especially as manufacturers push for widespread adoption.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"800\" height=\"449\" src=\"https:\/\/www.dailybase.com\/en\/wp-content\/uploads\/sites\/10\/2025\/03\/Person-buying-car.jpg\" alt=\"Man buying electric cars\" class=\"wp-image-13624\" srcset=\"https:\/\/www.dailybase.com\/en\/wp-content\/uploads\/sites\/10\/2025\/03\/Person-buying-car.jpg 800w, https:\/\/www.dailybase.com\/en\/wp-content\/uploads\/sites\/10\/2025\/03\/Person-buying-car-300x168.jpg 300w, https:\/\/www.dailybase.com\/en\/wp-content\/uploads\/sites\/10\/2025\/03\/Person-buying-car-768x431.jpg 768w, https:\/\/www.dailybase.com\/en\/wp-content\/uploads\/sites\/10\/2025\/03\/Person-buying-car-585x328.jpg 585w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\">Credit: Meridian Energy<\/figcaption><\/figure>\n<\/div>\n\n\n<p>However, not all EVs followed this trend. The BMW i4, BMW i3, Chevrolet Blazer EV, and Toyota bZ3 bucked the pattern, retaining value better than their ICE counterparts. This suggests that factors like brand reputation, battery longevity, and demand still play a crucial role in resale performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-are-electric-cars-losing-value-faster\"><span class=\"ez-toc-section\" id=\"Why_Are_Electric_Cars_Losing_Value_Faster\"><\/span><strong>Why Are Electric Cars Losing Value Faster?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Several factors contribute to the sharp depreciation of EVs:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Rapidly Advancing Technology<\/strong>\u00a0\u2013 EV technology is evolving at breakneck speed, making older models seem outdated much faster than traditional cars.<\/li>\n\n\n\n<li><strong>Battery Concerns<\/strong>\u00a0\u2013 Potential buyers worry about battery lifespan and replacement costs, even though modern EVs boast long-lasting packs.<\/li>\n\n\n\n<li><strong>Incentives and Price Cuts<\/strong>\u00a0\u2013 Government subsidies and frequent manufacturer price reductions can devalue used EVs on the market.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-should-you-still-buy-an-ev\"><span class=\"ez-toc-section\" id=\"Should_You_Still_Buy_an_EV\"><\/span><strong>Should You Still Buy an <\/strong>EV?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Depreciation aside, EVs still offer significant benefits, including lower operating costs, tax incentives, and a reduced carbon footprint. But if resale value is a major concern, buyers may want to research which models hold their worth best\u2014or consider leasing to sidestep depreciation worries altogether. Would you still choose an EV despite the resale hit?<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-credit\"><span class=\"ez-toc-section\" id=\"Credit\"><\/span>Credit:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Featured Image: Frimu Films<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicles (EVs) promise a greener future, lower fuel costs, and cutting-edge tech, but there\u2019s one drawback many buyers overlook\u2014resale value. A recent UK study by\u00a0Value My Car\u00a0found that electric&hellip;<\/p>\n","protected":false},"author":369,"featured_media":13623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[28],"tags":[],"class_list":["post-13384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cars"],"acf":[],"featured_image_src":"https:\/\/www.dailybase.com\/en\/wp-content\/uploads\/sites\/10\/2025\/03\/Man-closing-ev.jpg","author_info":{"display_name":"Daniel","author_link":"https:\/\/www.dailybase.com\/en\/author\/baldussu\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EVs vs ICE: Shocking Resale Value Drop for Electric Cars - Daily Base EN<\/title>\n<meta name=\"description\" content=\"Are you deciding between internal combustion cars and Electric cars? 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