this post was submitted on 16 Aug 2024
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Electric Vehicles

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Used EV Values Are In Freefall (insideevs.com)
submitted 1 month ago by MyOpinion@lemm.ee to c/evs@lemmy.world
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It's a brutal time to sell and a helluva time to buy. The used EV market is in freefall, and it's current owners that are holding the bag. But if you've been looking for the time to get into a modern, long-range EV, it may be now.

New data from Edmunds shows that EV values have fallen 20.5% year over year. That's a seismic shift. The overall used car market, for reference, has cooled by 6.8% over the same time period. That's a big swing for the market as a whole, but the EV swing is gargantuan. Compared to average used vehicle values during the second quarter of 2022, EV values in Q2 2024 are down a whopping 38.5%.

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[โ€“] barsquid@lemmy.world 2 points 1 month ago

I'm on their side of the argument, especially if they are broadening the complaint to cover all cars. They are all collecting shocking amounts of data. The touchscreen consoles are certainly not FOSS, who knows how long those will be maintained or if they can be replaced with something that isn't garbage.

I was in a rental car (ICE) on a trip recently that decided to update its own software without driver consent during a gas station stop. First of all, why is it connected to the internet to be able to receive new software?