Residual values: e-cars almost on a par with combustion engines

COMPARISON A recent analysis shows that electric vehicles are becoming increasingly attractive. The residual value development of electric cars has now reached a level that can compete with combustion engines.

The electric car is becoming increasingly attractive for motorists as fears of a high loss of value diminish.

After four years of use, owners of electric vehicles can expect almost the same sales proceeds as those with a comparable vehicle with a combustion engine. The study results are based on a comprehensive analysis by AutoScout24 and Auto-i-Dat. Models from the brands Fiat, Hyundai, Nissan, Renault, Skoda, Smart, Tesla and VW were used as a basis. While Tesla models are the clear residual value champions, there are significant differences between the other e-models.

Alberto Sanz de Lama, Managing Director at AutoScout24: "This not only shows an improved acceptance on the used car market, but also underlines the increasing value retention of electric cars."

Residual value an important argument
The so-called residual value is an important argument for many car buyers and provides information on how much value a vehicle retains over time. After three to four years, the residual values of all the electric cars examined approached those of comparable combustion vehicles. Sellers can therefore expect solid prices for their used electric vehicles over the years. A comparison of the residual values of different electric models reveals some major differences. After four years of use, Tesla ends up with 47 percent of the value of a new car. The other models in the comparison have residual values of between 32 and 43 percent.

Positive signals for the new year
A positive trend can also be seen in the supply policy of car sellers. The price trend shows that used e-cars in Switzerland are better equipped than average and can be compared with higher-quality models. Alberto Sanz de Lama: "This also means that such cars remain attractively priced for resale. The price we advertise as a basis for negotiation for a four-year-old e-car can still be well over 70 percent of the price of a new car."

autoscout24.ch

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