Fleets warned used luxury EVs lag ICE cars by up to 6.4% on resale

Used luxury electric cars are depreciating faster than petrol and diesel equivalents, according to valuation specialist Brego. 

Citing forecast data for EV and ICE luxury models from Mercedes-Benz, Porsche, Volvo and Genesis, the company noted an average difference in retail residual values of 1.9% at one year old, 0.7% at two years, 0.9% at three years and 1.3% at four years – all in favour of the ICE version.