News > Is there any difference between electric cars and the traditional ones in terms of depreciation?

Is there any difference between electric cars and the traditional ones in terms of depreciation?

In general, almost every car’s value drops at a certain percentage. This residual value should be as high as possible, or else the asset won’t be worth investing in, no doubt. It is important to note that a car’s mileage plays a massive role in determining its value.

On average, a vehicle travels for 36,000 miles within three years. Within that period, the car’s value drops by 60%. That means the residual value will now stand at 40% of its initial price.