Do Electric Cars Depreciate Faster Than Petrol And Diesel Cars?

PRICES of pre-owned electric vehicles (EVs) on AutoTrader show some models losing significant value in the first twelve months after registration, says AutoTrader.

Although this might be bad news for those who bought new, it does give a handful of shrewd buyers the opportunity to buy EVs at much reduced prices.

Unfortunately, even in the pre-owned market EVs are still priced well beyond the average motorist’s car budget, the car marketplace said.

Only four EV model ranges are available new in South Africa: the MINI Cooper SE, BMW i3, Jaguar I-PACE and Porsche Taycan. The Nissan LEAF is no longer available, since Nissan South Africa decided not to import generation two of the car.

Used examples of the first-generation Nissan LEAF are hard to come by.

Because EVs sell in very low volumes in South Africa, pre-owned price trends are slow to emerge. Yet it is possible to take a