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Comment by sobriquet9 | Hacker News Reader

Nobody is interested in used EVs, therefore resale values are very low.

Resale values are lower in US because they factor in the 7.5k USD tax credit and the state tax credit mostly, there is plenty of demand for used teslas for example.

Similar in other countries but sometimes not as direct.

Various regulations set targets which gives manufacturers incentives to hit sales targets. This leads to discounts or great lease deals just before certain dates if targets aren't met through standard prices.

As written here, it’s presented as a specific disadvantage of charging from a 120V outlet, so that’s not it.

Resale values are low compared to new prices. Tell me, why does your logic not apply to new prices?

For the same reasons people are interested in new iPhones, but not last year iPhones. And tax incentives.

I’ve been hearing that for years now, and for years I’ve had an eye on the used EV market, and I don’t really see that happening here in Europe.

I think it was true, at least in the US, back then the Leaf was the most common EV. Their battery longevity was trash, they had poor range to start with, and tax credits pushed down the effective new price a lot.

The resale values are only low compared to the inflated COVID prices. A 3 year old Tesla 3 goes for about $25k. Which is painful if you paid $70k for the 3. However, the buyer is comparing to a new 3 which you can get for $35k after tax credit.

The opposite will occur when Trump cancels the credit.

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