Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
Environment
Jonathan Barrett Business editor

EVs are holding value better than expected – and it has a lot to do with Australia’s cost of living

A man charges his electric car in Melbourne, Australia
The secondhand demand for used EVs is supported by their better-than-expected battery life, according to Pickles Auctions. Photograph: James Ross/AAP

The electric vehicles were splattered after a concrete spray incident, but repairable. Eager to recoup their costs, insurers sent the 40 BYD vehicles to an auction run by asset sales company Pickles in late March.

With fuel prices soaring in response to the US and Israel war on Iran, a bidding frenzy erupted.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.