EV’s set to depreciate 90% in five years

There’s been an investigation into EV Values based on 5 years of ownership here in the UK by Glass’s guide who track used care prices. Based on an average £8000 outlay to replace batteries which will need replacing after eight years, the car will be worth just 10% of its original value, and far below its diesel or petrol equivalents.  They’ve based their research on cars such as the forthcoming Nissan Leaf with a starting price of £23,000 after utilising the £5000 Government subsidy. You can read the article here. Heck, maybe I’ll be able to afford that Tesla in 2014 after all….