New Delhi, Nov. 19 -- Electric cars in India may be relatively new compared to their ICE powered counterparts, but the numbers are growing at a steady pace. With this, the number of electric cars in the used car market too is growing. While the electric cars have been racing fast towards the future, their resale value is sticking to the slow lane. If one studies the market well, the findings show that the electric cars lose their value at almost twice the pace as the petrol and diesel models do. The key reason behind that is the range anxiety involving the lifespan and replacement costs of the battery.

Electric vehicles have been evolving rapidly, with more modern technology bringing more advanced and efficient performance. This evolutio...