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Unraveling the mystery of electric trucks’ residual values 

May 10, 2024


The regulation-driven purchase of commercial electric trucks carry a lot of unknowns. One of the biggest is their residual value, or how much they will be worth as trade-ins.

Rich Mohr, senior vice president of North America ChargePoint, said the past is a prelude for what is happening with first-generation electric trucks.

Depreciating electric trucks to scrap value

“Three years ago, the biggest risk around fleets adopting electric vehicles was the residual value and the [anticipated] life of those vehicles,” Mohr told me. “Every single fleet [was] depreciating these things down to nothing because we have no clue what they’re going to be worth.”

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