HOW TO BEAT EV DEPRECIATION (PLUS WHY IT HAPPENS)

EV Channels Review

This video delves into the complex issue of EV depreciation, explaining why it's a significant concern for owners. The presenter, Nikki Gordon-Bloomfield, clarifies that depreciation isn't linear and is influenced by various factors including new model releases, competing vehicles, recalls, and even oil prices. A key takeaway is that the recent surge in EV depreciation is largely a correction following the artificial price inflation seen during the COVID-19 pandemic, where supply chain issues led to used EVs selling at or above MSRP. The video offers practical advice for owners to mitigate depreciation's impact, such as maintaining the vehicle meticulously, considering gap insurance for financed vehicles, and opting for private sales over car supermarkets when selling. While acknowledging the financial challenges, the presenter emphasizes that for many, especially those who own their EVs outright and plan to keep them long-term, the impact is less severe.