depreciation
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Guazi Used Car Releases August NEV Market Report: Several Models Depreciated Over 60%
The used EV market is booming, marked by significant depreciation, with Guazi Used Cars’ August 2025 report providing price benchmarks. EVs aged three years or less show discounts of up to 70%, with popular models available across various price brackets (under $10k to over $30k). Guazi leverages direct sourcing and offers a 200-point inspection, insurance history, secure payment, and a 100-day battery degradation guarantee, addressing transparency concerns in the used car industry and assuring buyers.
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Are Early EV Owners Experiencing Buyer’s Remorse? High Battery Replacement Costs and Repair Difficulties Emerge
Early EV adopters, particularly those with pre-2018 models, face challenges. Battery degradation leads to reduced range and range anxiety, especially in cold climates. High depreciation and the $6,000-$9,000 cost of battery replacement add further burden. While some praise EVs, the impending need for battery replacement is a primary concern, potentially costing a significant portion of the car’s original value due to limited repair options.
