21: Electric Cars Depreciate Faster
The main thing that electric cars are suffering from right now is a faster depreciation than their gasoline-powered counterparts. One of the reasons for this is the fact that the battery is so expensive to replace. Consumers are aware of this going in and a used electric car is going to need a battery sooner than a brand-new model.
Reliability also hasn’t been tested on electric cars yet because they’ve only been on the road for about a decade. What happens to that expensive Tesla 20 years from now? That’s what consumers are nervous about and it’s something that is going to negatively affect the resale value for some time into the future.