There’s a big gap between how much depreciation a gasoline or diesel vehicle loses over time and how much a battery-electric vehicle loses. The average internal combustion engine (ICE) car or truck loses about 45 percent of its value in its first five years. That includes luxury models, pickup trucks, sedans, crossovers, sport utilities, hybrids, and everything else in the consumer-side of automotive. The average electric vehicle (EV) loses about 60 percent of its value in that same time period.
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