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  • William Maley
    William Maley

    By William Maley •

    Electric Vehicles Lag Behind Gas Counterparts In Resale Value

    William Maley

    Staff Writer - CheersandGears.com

    December 20, 2012

    The Detroit Free Press reports electric vehicles like the Nissan Leaf and Chevrolet Volt aren't garnering the same residual values as gas vehicles.

    The report cites data from Kelly Blue Book which estimates the 2012 Nissan Leaf will hold around 20% of its value after five years while a 2012 Nissan Sentra will hold around 30%. The 2012 Chevrolet Volt is predicted to hold around 30% while a 2012 Chevrolet Cruze will hold 38%.

    Auto Leasing Guide (ALG), another pricing service estimates the residual values of the Leaf and Volt about a point higher than KBB.

    Now, the residual value estimates don't take into account the $7,500 federal tax credit on EVs. When you do, the values for EVs and gas vehicles are similar. That's due people purchasing the EV at a lower price.

    Source: Detroit Free Press

    William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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    G. David Felt

    What a BS Story, this is like Craps, roll the dice and hope your numbers come up.

    Total BS, they have no clue what they are doing/saying. Green car owners tend to also hold onto their auto's far longer than gas counterparts.

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    pow

    Well duh. Residuals are based on the MSRP, but if you look at the "effective" residual (i.e., price after tax credits), you'll see that the Volt has extremely high residuals for an American car. This translates into low lease payments. For someone spending $250-$300 a month on gasoline, the Volt is a no-brainer, IMO.

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