Electric vehicles (EVs) are losing value at an “unsustainable” rate as a slowdown in consumer demand sends used car prices tumbling, leasing companies have warned. The British Vehicle Rental & Leasing Association (BVRLA) warned that so-called fleet operators,

Hot on the heels of still-dominant diesel cars, electric vehicles now outnumber petrol models for the first time in oil-rich Norway, a world first that puts the country on track to taking fossil fuel vehicles off the road.

SeeCars study. By plummet, we mean they've lost 24.7 percent of their value over the past year, falling four times faster than hybrids and six times faster than gasoline models. Compare that to a 6 percent drop in used hybrid prices and 4.