Electric vehicles
As more EVs roll out, here’s what can spoil the party
![As more EVs roll out, here’s what can spoil the party](https://img.etimg.com/thumb/msid-109386653,width-1015,height-761,imgsize-66252,resizemode-8/prime/transportation/as-more-evs-roll-out-heres-what-can-spoil-the-party.jpg)
![As more EVs roll out, here’s what can spoil the party](https://img.etimg.com/thumb/msid-109386653,width-1015,height-761,imgsize-66252,resizemode-8/prime/transportation/as-more-evs-roll-out-heres-what-can-spoil-the-party.jpg)
Synopsis
The resale value of EVs at present is much lower than petrol and diesel cars. Here’s why.
Brayden Wall, a Colorado, US resident, bought a used Tesla Model 3 (2020 model) about 18 months ago for USD51,000. He got the shock of his life when he went to a Tesla dealership for a trade in. Wall was offered only USD22,000. “I understand vehicles drop in value and are not investments,” he told CNN. “But losing well over 50% of a USD50,000 purchase in 18 months is a huge kick in the a**.” Cut to India, where the electric vehicle (EV) market
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