EV drivers need RV protection

Leasing and salary sacrifice shelter drivers from falls in used electric vehicle values, says Loveelectric

Electric car drivers need to protect themselves from volatility in the used car market, following Tesla’s dramatic decision last week to slash the prices of its two best selling cars, the Model 3 and Model Y, by up to £8,000.

Steve Tigar, chief executive of leasing company Loveelectric, said cuts on this scale could undermine the value of secondhand cars, which have to be priced significantly cheaper than new models to attract buyers. As the market leader in electric vehicles (EVs),...

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