Quote:
Originally Posted by photon
Heck you don't even need to wait 5 years, some of those expensive EVs are only a year or two old and are selling for a huge percentage off.
Enough to make me hesitant to get one, what does everyone else know that I don't.
Or is it just a combination of factors like the people who can afford and use an EV having already got one and prices of EVs being so much more than similar ICE cars and enough people thinking like you?
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I think the fact there's a $5k grant off the purchase price means an extra $5k depreciation (up to $9k in BC and $10k in Quebec).
The luxury ones though for sure don't seem to be holding value, but I suspect it's because the people buying them aren't the brand's normal customers and are the first mover types who want what's newest all the time.