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Report: UK valuation experts believe EVs will be 'worthless' in just five years

by Sam Abuelsamid (RSS feed) on Jun 21st, 2010 at 5:59PM

Many car buyers refuse to purchase new cars for one important reason: With a few very rare exceptions, new cars will lose a significant chunk of their initial value the moment you drive them off the lot. The biggest chunk of a cars depreciation typically happens in the first minutes of ownership and companies like Automotive Lease Guide in the United States and Glass' Guide in the UK specialize in estimating how much value will evaporate to estimate lease priceing. Glass' has taken a look at upcoming electric vehicles like the Nissan Leaf and come away with some very distressing... Read More

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