Why EVs Depreciate Faster Than Gas Cars

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