29 Dec '13, 5pm

Clueless Kelley Blue Book: EVs Will Depreciate Faster than Gas Cars

Clueless Kelley Blue Book: EVs Will Depreciate Faster than Gas Cars

So, is the analysis from Kelley Blue Book’s USA Today study accurate? Will EV values plummet? Probably … and for the same reason that the resale value on the iMac I bought last year will also drop like a stone over the next two years while the resale value on my Craftsman tool set won’t. That reason, of course, being the rapid advance of a new technology and the price of the components like batteries, processors, and displays in my computer following Moore’s Law and dropping price while doubling power every 18 (ish) months – which is a good thing for EVs, and bad, bad news for the old iron-and-steel, gas-and-oil industry that Ibara and his staff at Kelley Blue Book seem to understand.

Full article: http://gas2.org/2013/12/29/kelley-blue-book-have-no-idea/

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