Electric Cars Lose Value TWICE as Fast as Gas Vehicles
by Ethan Huff
May 8, 2023
Contrary to the claims of left-wing media programming, electric vehicles (EVs) are not worth the money, especially compared to gas-powered cars that hold their value at twice the rate.
Put another way, EVs depreciate in value at twice the rate of gas-powered cars, this according to a new study based on data from ChooseMyCar.com. Researchers found that EVs depreciate at double the rate of gas-powered cars, making them an expensive and really bad investment over the longer term.
On average, EVs lost 51 percent of their purchase value in the three-year period of time between 2020 and 2023. Comparatively, gas-powered cars during that same time period lost 37 percent of their value, on average.
The study also found that the higher the original purchase price of the car, the greater the loss in value. One of the worst offenders is the Tesla Model S, an overpriced heap of mostly cheap plastic that the study found loses nearly $32,000 in value in just three years.
On average, EVs lost 51 percent of their purchase value in the three-year period of time between 2020 and 2023. Comparatively, gas-powered cars during that same time period lost 37 percent of their value, on average.
The study also found that the higher the original purchase price of the car, the greater the loss in value. One of the worst offenders is the Tesla Model S, an overpriced heap of mostly cheap plastic that the study found loses nearly $32,000 in value in just three years.
Increasingly more Americans are just saying NO to EVs – they’re just not worth it
As trendy as they might be in places like California and New York, EVs are actually not all that popular among most Americans. In fact, there is decreasing interest in EVs the more time that passes, even though they are being branded as the cars of the future.
According to a new J.D. Power survey, the ratio of U.S. car shoppers uninterested in buying any type of EV is increasing.
“Top-line metrics on overall EV market share, availability and affordability have been on a long-term upward trend,” J.D. Power said in a statement.
“… but beneath those headline numbers we are starting to see some consumer behaviors that suggest a possible bifurcation of the automotive marketplace.”
The full article is at the following weblink:
https://conservativeplaybook.com/2023/05/08/electric-cars-lose-valu...
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Comment
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Comment by Willem Post on May 10, 2023 at 7:34am
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GO IDIOT WOKE, GO EV AND HEAT PUMP BROKE
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I buy a new Subaru Outback every 3 years.
My wife gets my car
I trade in her 6-y-old Subaru which typically has less than 30,000 miles, and pay about $12,000.
I am using my 7th Subaru
I almost never have a repair bill on my wife’s car, which is out of warrantee.
There is no way the financing and many other drawbacks of a $60,000 Tesla Model Y comes even close, especially during winter driving, and especially the EV insurance at well over $1000/y for a good driver
A medium accident could jar the battery to cause it to start underperforming or overheating
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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