Research shows that on average a car owner will change their vehicle every 3 years. In some ways this is a way to maintain at least some sell on value although many car owners just like a change and a move to the latest technology. Does this work for electric cars?
The figures for electric cars show that the higher than average upfront cost, and lower running costs, mean that an electric car owner will not see any significant return on their investment until year 3. Are many electric car owners selling too soon?