- Ride-hailing, rental, and corporate electric fleets the world over are quickly losing value.
- EVs depreciate significantly faster than gas-powered cars, especially older vehicles purchased by early adopters.
- New battery data and leasing models could finally stabilize the bleeding market.
The resale value of electric vehicles is collapsing worldwide, hurting private owners and fleet operators.
The crisis became especially apparent when BluSmart, India’s pioneering all-electric ride-hailing service, collapsed in April amid financial fraud allegations.
