What affects the resale value of electric vehicles?
The resale value of electric vehicles can be influenced by factors like brand reputation, battery life, mileage, and market demand.
Are there specific brands that hold their value better?
Yes, brands like Tesla and Toyota often have better resale values due to their reliability and strong demand.
How does battery condition impact resale value?
Battery condition is crucial; a well-maintained battery can significantly enhance resale value, while a degraded one can lower it.
What about government incentives for electric vehicles?
Government incentives can temporarily boost resale values, but they may also lead to depreciation once the incentives expire.
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