Depreciation Rate For Electric Vehicles. In a petrol or diesel engine, the engine lifetime is usually 10 to 15 years. The vital difference between a traditional fuel car and an electric car, the battery, is a reason behind their depreciation, too.
That is why conventional technology has a transparent edge. Electric car value retention is affected by initial price incentives and potential battery replacement costs.
Electric Vehicles Have A High Depreciation Rate Due To Several Factors, Including Rapid Technological Advancements, Limited Charging Infrastructure, And The Lack Of A Secondary Market.
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That Is Why Conventional Technology Has A Transparent Edge.
Currently, the depreciation rates for electric vehicles are the same as of internal combustion engine (ice) vehicles.
In A Petrol Or Diesel Engine, The Engine Lifetime Is Usually 10 To 15 Years.
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As A Rough Rule Of Thumb, Cars Tend To Be Worth Around 40 To 50% Of Their New Purchase Price After 36,000 Miles Or 36 Months (Three Years) On The Road.
In other words, some cars are more prone to.
But They Are Not The Evs With The Highest Loss Of Value.
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Electric Car Value Retention Is Affected By Initial Price Incentives And Potential Battery Replacement Costs.