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Study: Second-hand EVs hold value better than industry claims

Original: Second-hand EVs retain their value better than industry claims, study

A study by green transport group Transport & Environment finds that second-hand electric vehicles depreciate less than the car industry has claimed, retaining their value better over time. The finding challenges a common argument used against EV adoption, that used electric cars lose value quickly, and is drawing attention as buyers and policymakers debate the affordability and resale prospects of electric cars.

Why now: It challenges widespread industry claims that used EVs lose value quickly, relevant to buyers weighing electric car costs.

Transport & Environmentelectric vehiclesused car market

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