Connect with us!

RSS Feed

Depreciation hits electric cars hard


Plug-in electric cars may be cutting-edge technology, but an analysis suggests that most will depreciate more dramatically over five years than their conventional counterparts.

Some of the biggest value gaps involve 2014 models powered only by batteries, entirely without gas engines, according to the analysis performed by Kelley Blue Book at the request of USA TODAY. Examples:

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

•Ford Focus Electric. The compact will be worth 20% of its initial $35,995 list price, while a well-outfitted conventional Focus Titanium with an automatic transmission will still command 36%.

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


Western Winter Bat Sleeve Fur Collar Women Cardiganbanner
.. on December 27, 2013. Filed under HEADLINES. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>