EV residual value determination becomes more important as sales set to take off

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As electric vehicles sales rise, so will the number of used EVs on the market. Two panels at Used Car Week earlier this month addressed the importance of determining EV residual values and how subscription services will play a role in EV adoption.

“The time is now for EVs,” said EY partner and eMobility automotive leader Felipe Smolka on the “Managing Residual Values in An Era of Rapid Technological Change” panel.

By 2035, some 85 million EVs will be on the road in the United States and Canada, estimates consultancy EY.

Access to data is crucial to …



Source : AutoFinanceNews