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Residual value of electric cars lags behind their gas counterparts

Posted Dec 19th 2012 8:45AM

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2011 Nissan Leaf

The Detroit Free Press reports electric vehicles like the Nissan Leaf and Chevrolet Volt aren't maintaining the same residual values as their internal combustion counterparts.

Kelly Blue Book says the 2012 Nissan Leaf will hold around 20 per cent of its value after five years while the Nissan Sentra will retain around 30 per cent of its value. KBB predicts the Volt, meanwhile, will be worth 30 per cent of its MSRP after the same amount of time, which is a full eight per cent less than the 2013 Chevrolet Cruze. On average, a used car is expected to hold 36.6 per cent of its value after five years, according to ALG.

Of course, those figures shift a bit when the US$7,500 federal tax credit on EVs is taken into account. Since the cash lowers the new-car price for the Leaf and the Volt, the credit can actually make the vehicles worth less as a used car on a per centage of original value basis.

2011 Nissan Leaf Test Drive

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