Resale Values of Electric and Conventional Vehicles: Recent Trends and Influence on the Decision to Purchase a New Vehicle

The University of Michigan has released a report that investigates the effect of resale value on consumer purchasing decisions regarding plug-in electric vehicles (PEVs). This report focuses on comparing the resale value of PEVs and comparable internal-combustion-engine vehicles, and determines consumer opinions regarding the importance of vehicle resale value in an individual’s decision to purchase various vehicle types, including PEVs.