Canadian Black Book Residual Value Awards show EVs holding their value — via drivingdotca ShoppingAdvice
“There are more EVs on the roads; more people researching, buying, and leasing them; and more options from and dealers,” said Daniel Ross, CBB’s senior manager of industry insights and residual value strategy.
“They are becoming commonplace and, therefore, consumer confidence in them is increasing, which helps bring up residual values for EVs.” He added that “Canadians still have a soft spot for larger, more versatile vehicles. This is a taste that transcends the ICE versus EV debate. With more SUV EV options being made available, recognition and sales of EVs has increased, bringing values up.
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