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Rising used EV supply could undermine gasoline and diesel car values

A forecast says that as electric vehicle adoption expands and supplies of used EVs build up, used prices for gasoline and diesel cars could fall sharply, potentially becoming stranded assets. Norway and China were cited as markets showing the shift earlier. China is seeing faster change in used new energy vehicle transactions and prices, while some used gasoline cars have suffered steep declines. Total cost of ownership was highlighted as a key factor.