For decades, depreciation in conventional vehicles has largely followed familiar variables such as age, mileage and physical wear
As more electric vehicles enter the secondary market, responsibility for building trust is shifting towards OEMs, regulators and financiers
Banks and NBFCs have decades of resale and depreciation data for internal combustion engine vehicles, allowing them to estimate collateral value relatively confidently
A credible assessment must go beyond a physical inspection
The result is an ecosystem that is becoming increasingly efficient at assembling EVs without fully controlling the technologies that power them
