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m463 a day ago

> Plummeting resale values are threatening to derail the world’s transition to electric transportation

Used cars are usually sold to someone who can't afford a new car. It can also be cheaper to drive an EV than a gas car.

So I think the opposite - Used EVs will create an opportunity for normal people to switch away from gas cars.

As to low resale value - I think tesla was VERY aware of this problem and artificially propped up their used market when they were starting out by offering a buyback program.