Within its first three years, the 2012 Chevy Volt fell in value 62 percent to $1

Question

Within its first three years, the 2012 Chevy Volt fell in value 62 percent to $12,997 in 2015. And a 2012 Nissan Leaf fell in value 66 percent to $10,220. That’s 22 percent a year, whereas the typical gasoline car depreciates 24, 15, and 12 percent its first three years (51 percent) for a 17 percent average per year. Indeed, at the extreme, a Honda Accord is worth fully 64 percent after three years (12 percent average per year). Clearly, the steep decline in gasoline prices in 2014 contributed to electric-powered vehicles depreciating recently much faster than gasoline powered vehicles. But hybrid-electric vehicles such as the Nissan Leaf and Chevy Volt and all-electric vehicles such as the Chevy Bolt face another problem as well?

Explanation / Answer

Ans

They face other problem like the problem of replacing batteries and the depreciation of batteries.

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