Used Plug-in Electric Cars Sell Faster compared to Conventional Vehicles
Electric vehicles are gaining popularity among consumers and management of automobile companies but there is another segment in which they are selling fast, the used car market. As per data collected by iSeeCars, 6 of the fastest selling used cars in the U.S. are either electric or hybrid. Consumers are ready to pay a premium for some of the most popular electric vehicles in the used car market.
As per data collected by iSeeCars, electric cars stay in dealer lot for an average 22 – 26 days. Tesla Model S remains hot favorite. With substantial price drop compared to brand new Tesla Model S, the used variant stays for 26 days on an average in dealer lots. Ford Fusion Energi also remains for 26 days on an average in dealer lots.
Among other popular EV or hybrids in the used car market are Nissan Leaf, Toyota Prius Plug-In Hybrid & Prime, BMW i3 and Fiat 500e. A recently published report suggests that Tesla electric vehicles have a long battery life. In first 50,000 miles, Tesla vehicles lose around 5 percent of their battery capacity. The study also suggests that Tesla vehicles face 10% battery degradation after 160,000 miles.
Battery degradation is one of the biggest concerns for electric vehicle owners. Earlier reports have suggested battery issues with Nissan Leaf and changing batteries for a used car can significantly increase cost of ownership for new owners.
As majority of automobile companies are working on new models for electric vehicle segment, the market for used electric and hybrid vehicles will surely see more activity in future.
A new analysis by HSBC Commercial Banking has revealed that the electric vehicle (EV) infrastructure in Scotland is one of the best-developed, publicly-funded EV infrastructures in the UK.
According to an official press release, Siemens and Volkswagen Group’s Swedish subsidiary Scania have received the go-ahead for a research project in Germany.
German news magazine Der Spiegel has disclosed in a recent report that the German Government is mulling a proposal for the creation of a new joint-fund with the automakers in the country for funding the retrofit of diesel cars.
Tesla Motors Chief Elon Musk announced that the company will issue bonds worth $1.5 billion to improve production facilities and capacity for its mass-market vehicle Model 3.
US-based electric vehicle manufacturer Tesla may now have its own electric vehicle factory in China, because the restrictions on overseas automakers’ ownership of local car factory will be officially phased out by the Chinese government in near fu
In an interaction with reporters on Wednesday, German Chancellor Angela Merkel asserted that the federal government is mulling how diesel car bans and usage restrictions can be avoided countrywide, on all levels of government --- city level as wel