Do Electric Vehicles Depreciate?  

Yes. Electric vehicles also losses its market value. Most of the electric vehicles coming in market depreciates its value a lot. Earlier, people prefer buying fuel cars instead of Electric vehicles.

People were not ready buying electric vehicles at inflating prices. Batteries did not work well as a charging component and moving vehicles in earlier times. Due to bad quality production, people did not prefer buying electric vehicles which creates a lack of demand.

The Simple demand and supply rule makes the Electric vehicles depreciates over a long period section.

Depreciation Rate on EV's compared to fuel cars  

Earlier Electric Vehicles were depreciating at higher rates as compared to fuel cars.

But now, Electric vehicles under production of some specific brands (i.e., Tesla) are depreciating at lower rates because of the higher quality production and use of lithium ions batteries.

The longevity of electric vehicles keeps increasing with the increase in quality production and technologies like Gravity Batteries.

Electric Vehicles - a Depreciating Asset

It's obvious like other type vehicles that electric vehicles considered as a depreciating asset. But what's different is the offered tax benefits.

Some of the depreciating electric vehicles in market that can depreciate more are Nissan Leaf and Chevy Volt.

Should we buy an electric vehicle?  

Yes. We should buy an electric car or E-Bikes for travelling purposes.

But buying decision should not be based on EV Depreciation because even fuel cars depreciate. If we want to buy for some travelling purposes, we should be buying it.

Also, there are some commercial benefits and environmental benefits on buying Electric vehicles over fuel commercial vehicles.