In this blog, we will explore the long-term value of owning an electric car in terms of resale price and trade-in value, and why it is a smart investment for the future.
According to a report by Bloomberg, electric cars are projected to account for 28% of global new car sales by 2030, with sales surpassing 50% by 2040. This is driven by the growing concerns over air pollution, as well as technological advancements in battery technology, making electric cars cheaper and more efficient.
One of the biggest concerns that people have with electric cars is their resale value. However, studies show that electric cars have higher resale value than their gas-powered counterparts. Here are some reasons why:
In addition to the above factors, electric cars also have higher trade-in values. According to a study by Kelley Blue Book, electric cars have an average trade-in value of 56% after 36 months, compared to gas-powered cars with an average trade-in value of only 40%.
As we move towards the future, electric cars are not just a trend, but a necessity. With governments across the world implementing stricter regulations on emissions and more manufacturers investing heavily on electric vehicle production, it's clear that the world is moving away from gas power.
Compared to gas-powered cars, electric cars are cheaper to run, maintain, and offer higher resale and trade-in values. Owning an electric car today means more savings in the long run, especially if you are looking to sell or trade-in your car in the future. So, if you are looking for a smart investment for the future, then an electric car is definitely the way to go.
Join the electric car revolution today and become a part of the green revolution.
CategoriesFederal & State Policy EV Technology & InnovationsBusiness ManagementHome EV ChargingTesla DriversElectric Car IncentivesEnergy5 UpdatesEnergy GenericElectricity RatesNon-Tesla DriversElectric Vehicle ChargersFast ChargingEV ChargerCharging StationElectric Vehicle Charging
Energy5 provides end-to-end EV charging solutions for businesses
Related articlesMore articles