Sunday, November 3, 2024

Electric cars are plummeting in value – here are the biggest losers

Greater range and generally faster development in the new car market causes the market for used electric cars in particular to plummet. That leaves many losers.

The prices of used electric cars are plummeting at the moment, and there are many indications that this trend will continue for a long time to come.

According to new figures from the Swedish classifieds site Wayke, which covers the majority of used sales in Sweden, there has been a significant drop in the price of electric cars in the past year.

Over the past year, the average price of used electric cars has fallen by 14 percent. Martin Fransson, who is the managing director of Wayke, confirms this trend and notes that it is especially electric cars that the price drops go beyond.

– We can see that the electrical transition continues, even if the pace is lower than it has been in the past, he says in a press release .

However, the value of electric cars can vary greatly. Some electric cars have experienced a loss in value of between 40 and 50 percent of their new price after just 50,000 kilometers. At the same time, the selection of used electric cars has grown significantly. Over the past two years, the number of used electric cars on the market has almost quadrupled.

READ ALSO: Anne parked incorrectly – then her Nissan was scrapped

A contributing factor to this development is Tesla's significant price reductions, which also affect the prices of other used electric cars. Tesla has repeatedly lowered the prices of their new cars throughout Europe, which has quickly led to a necessary and quite natural (hard, ed.) adaptation of the rest of the used car market.

Although the sale of used electric cars continues to increase, the growth rate is not as high as before. At the moment, barely every ten buyers of used cars choose an electric car.

Read more exciting news from and about the world of cars right here!

Latest

Don't miss

Porsche regrets – will not only build electric cars after all

Actually, Porsche had only intended to build electric cars....

Survey: These drivers don't realize how bad they are

In a new investigation, youth organization Team Alert sounds...

Loses DKK 234,000 per car – employees suffer skull fractures

Apparently, being employed at Rivian's factory in Normal, Illinois...

Tesla will build two million cars without steering wheels every year

Tesla has set it as a goal that the...

90 percent of all Ferrari street cars still exist

According to Ferrari itself, 90 percent of all street...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Hyundai's new hydrogen car Initium is already on the streets in 2025

Right now there are no hydrogen stations in Denmark. But now EU rules will force them back, and this is good news for Hyundai...

Forced by Tesla – Ford pauses electric car factory

Ford has temporarily halted production of the brand's electric pickup truck, the F-150 Lightning. All because of the Tesla Cybertruck. The factory in Dearborn,...

Fired Kevin Magnussen – now Haas denies the rumour

Haas team boss Ayao Komatsu is now again out to deny that the Formula 1 team is for sale. Not even if the new...

Volkswagen in crisis – earns less than DKK 1,000 per car

Volkswagen is in the middle of a crisis that could cost several car factories in Germany their lives. At the same time, thousands of...

New figures: Electric cars are parked more on the motorways

Experts believe that the electric cars, which according to figures from October are now more numerous than ever before, cause more noise on the...

Car giant may close legendary brand in 2 years

Despite Stellantis' excuses from the group's own director's threats about the closure of 'several car brands', Chrysler may be dead in just 2 years....

90 percent of all Ferrari street cars still exist

According to Ferrari itself, 90 percent of all street cars the brand has ever built are still in existence today. The first Ferrari for...

Would cost 19 billion DKK – now a special car factory must do

Chinese SVOLT, a spin-off of Great Wall Motors, was supposed to have spent 19 billion on a battery factory for electric cars in Germany....

New figures: Electric cars in the EU lag behind everyone else

While electric cars on a global level are making some headway, sales of the car type are currently experiencing a setback, writes a consulting...

Tesla's newest feature for all cars is called robbery

Tesla owners who have already used the car brand's new feature have no doubt that the car brand knew exactly what they were doing...

Haas confirms: Kevin Magnussen is ill!

First Aston Martin's Fernando Alonso. And now Haas confirms that Kevin Magnussen has also gone to bed with illness. Oliver Bearmann takes over the...

Police seize Lamborghini: "It's my wedding day"

A groom had to find another way to get to his own wedding. The police in England have seized the Lamborghini he was otherwise...
footer.txt Viser footer.txt.