The winners of the Residual Value Awards are forecast to retain the highest percentage of their original MSRP over a three-year period with the Audi E-Ton topping the electric segment.
When it comes to residual values for individual vehicle types the most problematic to predict have been the battery-electric vehicles. Not only have they been sold in very low volume, but the vast majority of those sales were in some ways government-subsidized.
“I think as we start to see those federal tax incentives start to pull out of the market, as we’ve seen automakers rightsize their production, as we see more EV utility vehicles be introduced with the utility body style that consumers are looking for, we should see continued growth in EV,” said Eric Lyman, chief industry analyst at ALG
Read the article at Forbes.
The post EVs Reach Mainstream In 2020 ALG Residual Value Awards appeared first on Fleet Management Weekly.
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