Electric Vehicle Resale Value

As electric vehicles gain popularity across the country, many drivers are curious about electric car resale value. What can you expect when you decide to sell your EV in the future? Does the range of the EV impact its resale value? In this guide by the EV specialists at Holman, we provide answers to these questions and discuss factors that can enhance the resale value of electric vehicles.

Does Range Affect EV Resale Value? 

In most cases, the answer to the question, “Does range affect EV resale value?” is “yes.” A longer range is a significant factor in determining an electric car’s resale value, as it typically retains more of its worth over time. When considering an EV purchase, keep this in mind. While a model with an extended range may require a larger upfront investment for drivers, the higher resale value offsets the initial cost. With ongoing improvements in range, vehicles with shorter ranges will become less attractive, while demand for those with longer ranges will rise.

However, range is not the sole factor impacting electric car resale value. Below, we delve into other considerations, as well as methods to boost the resale value of your electric vehicle.

What Can Increase Electric Vehicle Resale Value?

What can increase your electric vehicle resale value? Various factors that influence electric vehicle resale value include:

• Vehicle condition
• Brand & model
• Popularity of the model

The battery condition is also vital. A poorly maintained battery can significantly decrease resale value. To maximize your vehicle’s worth, consider these strategies:

• Upgrading the battery
• Keeping your vehicle up-to-date with the latest technology
• Keeping the vehicle well-maintained 

Take Home a New EV Today

At Holman, we offer an exceptional selection of EVs with impressive ranges that maintain their resale value. Visit our showroom today for a test drive and answers to your questions. If you’re considering trading in your current EV, use our value your trade tool. Contact us today to learn more.