But because of the huge cost to repair, the cost of insurance and most states, including Wisconsin, have mandatory insurance is dramatically more than in a traditional car. It wasn't until this week I found out that The resale value [of EVs] is less. So if you're like a lot of people like to trade in your new car, five or six years down the road, you're going to be getting less for your EV vehicle. (00:55–00:58)
CLAIM
Asserts that electric vehicles have a lower resale value compared to traditional vehicles.
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