Why EVs Depreciate Faster Than Gas Cars

Video Overview & Insights

EV’s are cheaper to operate than a gas car, but their resale values are horrible. It’s a mix of factors - incentives, changing tech and limited appeal. It’s a problem for EV adoption, especially as automakers try to attract more mainstream buyers. Here’s why they can be more expensive to own than a gas car, and why that might change.

Chapters:

00:00 Introduction

00:52 Chapter 1: The data

03:06 Chapter 2: Incentives

04:23 Chapter 3: Evolving technology

05:34 Chapter 4: Limited Appeal

07:42 Chapter 5: The future

Producer: Robert Ferris

Editor: Darren Geeter

Animation: Jason Reginato, Emily Park

Senior Managing Producer: Tala Hadavi

Additional footage: Getty Images, Hyundai, Rivian, BMW, Polestar, Ford

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to be your own boss? Sign up for Smarter by CNBC Make It's new online course, How To Start A Business: For First-Time Founders. Find step-by-step guidance for launching your first business, from testing your idea to growing your revenue. Sign up today: https://cnb.cx/4gEgnhO

Connect with CNBC News Online

Get the latest news: https://www.cnbc.com/

Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC

Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC

Follow CNBC on Threads: https://cnb.cx/threads

Follow CNBC News on X: https://cnb.cx/FollowCNBC

Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

Why EVs Depreciate Faster Than Gas Cars