Depreciation hits electric cars hard

31 мая 2015 | Author: | No comments yet »
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Plug-ins are worth less to their original value five years than

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Plug-in are projected to depreciate more off list prices than cars Kelley Blue projected residual values five years Pure cars take a bigger hit plug-in hybrids


Plug-in electric cars may be technology, but an analysis suggests most will depreciate dramatically over five than their conventional

Some of the biggest value involve 2014 models only by batteries, entirely gas engines, according to the analysis by Kelley Blue Book at the of USA TODAY. Examples:

•Chevrolet EV. The little electric is projected to be 28% of its $28,305 list price in years, while a comparable version of the same car will 40% of its value.

• Ford Focus Electric. The will be worth 20% of its initial list price, while a conventional Focus Titanium an automatic transmission will command 36%.

• Nissan Even the best-selling pure car is projected at having a residual of 15% for the 2013 model. A similar Sentra SL compact would 36%.

Pure electrics been slow to catch on in the market, says Eric director of residual consulting for Blue Book. Customers been willing to buy a new one, not a electric vehicle.

car Smart Fortwo EV

Indeed, three electric — Leaf, Fiat 500e and Fortwo electric — topped the of models projected by KBB to have the depreciation among all cars and for the 2014 model year.

concerns about depreciation, Motors CEO Elon Musk in May that he would personally the resale value of its Model S sedan for buyers who use Tesla’s program. Tesla said under the deal, resale will be higher than Mercedes-Benz, Lexus or Jaguar.

As bad as sounds, there are some factors. In particular, many are given sales incentives and don’t pay anywhere near the price. Some of the biggest come on leases. And many cars qualify for a federal tax of up to $7,500, plus state or incentives. Big discounts on news hurt residual values.

Plug-in hybrid cars, with backup gas engines, better, KBB reports. For instance, new Panamera E-Hybrid has a predicted value of 37%, compared 41% for the conventional model. Toyota’s Prius has a resale of 35%, 2 percentage points less for the conventional version.

Nissan officials note the car, or EV, revolution is still in its The market for used electric is yet to develop.

We expect to see a similar curve for used EVs as we have for new and we are just now reaching the point there are used EVs on the market, Erik Gottfried, director of for Nissan Leaf. EVs are one of the most and fast-moving segments of the automotive


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