In general, once you’ve bought something new, its value tends to sink the moment you take it out of the box. For a new car, the value plummets as soon as you drive it off the dealership lot. It’s called depreciation, and with cars it is especially brutal. That shiny new car you just bought for $30,000 might be worth less than $25,000 after just a week of ownership. With very few exceptions (like vintage muscle cars), most cars suffer a steep drop in value almost immediately.
This may go doubly true for electric cars it seems—at least in Europe. Mitsubishi has put out a chart to the BBC which suggests that the higher up-front costs of an electric car, plus the increased depreciation, mean in the long haul it could cost a lot more than a petrol powered car. Now why would they do that?
