Quote:
Originally Posted by Street Pharmacist
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.
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The luxury vehicles don’t hold their value because the people who can’t afford them new definitely can’t afford to have their car turn into a brick with $50K owing.
Oh, and they still don’t own a house to charge them.
And without an in-house charging point, a EV is functionally useless for many consumers.