Navigating 2026: Key EV Insurance and Resale Value Trends You Need to Know

Getting ready for 2026 means looking at how electric cars are changing things, especially when it comes to insurance and what they're worth later on. It's not just about buying a new EV anymore; it's about the whole picture, from how much it costs to insure to how much you can get for it when you sell it. We'll break down the main points you need to know about EV insurance and resale value trends in 2026.

Key Takeaways

• Insurance costs for EVs are getting more specific, with battery tech and how you drive (using telematics) playing a bigger role in pricing.

• The value of used EVs can be unpredictable, so understanding what makes them lose value and how to sell them smart is important for anyone with a fleet or buying/selling regularly.

• Government help like tax credits is changing, so watch out for new state programs and deals from car companies to keep EVs affordable.

• Financing for EVs is getting its own special products, with loans and leases made just for them, and systems that can check for incentives automatically.

• New brands are entering the market, offering different prices and tech, which shakes things up for older brands and makes knowing the resale value even more critical for staying competitive.

Evolving EV Insurance Landscape in 2026

Alright, let's talk about electric vehicle insurance in 2026. It's definitely not your grandpa's car insurance anymore, and things are changing fast. If you're thinking about buying an EV or already own one, you'll want to pay attention.

Impact of Battery Technology on Insurance Premiums

So, the big elephant in the room is the battery. These things are expensive to replace, and that's a major factor driving up insurance costs. Think about it: a damaged battery can cost tens of thousands to fix or swap out. Insurers have to price that risk in. Newer battery tech might eventually lower costs, but right now, it's a significant part of the premium. We're seeing a trend where the sheer cost of these components means policies are generally more expensive than for gas cars. It's not just about the battery, though; specialized technicians are needed for repairs, adding to the labor costs that insurers consider.

Data-Driven Underwriting for Electric Vehicles

Insurance companies are getting smarter, and they're using more data than ever to figure out your rates. This is where things get interesting. Instead of just looking at your driving record and the car's make and model, they're digging deeper. They want to know how you drive, where you charge, and how often. This is especially true for fleets, where understanding usage patterns can lead to more accurate pricing and better residual value predictions. It's all about moving towards more personalized insurance.

The Role of Telematics in EV Insurance Pricing

This ties right into the data point. Telematics devices, often built into the car or added as a dongle, collect real-time driving information. Insurers can use this data to offer discounts for safe driving or charge more if you're a riskier driver. For EVs, this can also include data about charging habits and battery health. While some drivers might be wary of this level of monitoring, it's becoming a standard way for insurers to assess risk more accurately. It's a big shift from the old days of just guessing based on broad categories. The market for EVs has seen some ups and downs, with sales dropping significantly in late 2025, which might eventually influence insurance demand and pricing strategies.

The cost of repairing or replacing EV batteries is a major factor influencing insurance premiums. Specialized labor and parts contribute to higher overall policy costs compared to traditional gasoline-powered vehicles. Insurers are increasingly relying on detailed vehicle and driver data to create more precise risk assessments and pricing models for electric cars.

Navigating Residual Value Volatility for EVs

So, electric vehicles (EVs) have this interesting way of losing value, and it's not quite like your typical gas car. It's a bit of a wild ride, honestly. A big part of this is how fast battery tech is changing. What seems cutting-edge today might feel a bit dated in just a couple of years, and that definitely puts pressure on what a used EV is worth. Plus, the whole market for used EVs is still pretty new, so there aren't as many solid patterns to look at compared to cars that have been around forever.

Factors Influencing EV Depreciation Curves

Several things really mess with how much an EV drops in value over time. Battery tech is a huge one, like I said. Newer batteries mean longer range and faster charging, making older models less appealing. Then there's the whole government incentive situation. When tax credits and rebates disappear, the upfront cost of a new EV goes up, which can then push down the value of used ones. The availability of charging stations also plays a role; if it's hard to charge, people might be less willing to buy an EV, impacting its resale price. And let's not forget the sheer number of new EV models hitting the market. More choices mean more competition, and that can really speed up how quickly older models lose value.

Here's a quick look at some key factors:

• Battery Technology Advancements: Newer, more efficient, and longer-lasting batteries make older models less desirable.

• Incentive Sunset: The phasing out of federal and state tax credits directly impacts the affordability of new EVs, trickling down to used values.

• Charging Infrastructure: Limited or inconvenient charging options can deter buyers, negatively affecting resale.

• Market Saturation: An increasing number of EV models from various manufacturers leads to greater competition and faster depreciation.

• OEM Pricing Strategies: Aggressive pricing or discounts on new EVs by manufacturers can quickly devalue existing inventory.

Strategies for Managing Used EV Market Fluctuations

Dealing with these ups and downs in the used EV market requires some smart moves. For businesses with fleets, keeping a really close eye on how values are changing month-to-month is key. This intel helps decide if it's time to sell a vehicle or if it makes sense to hold onto it a bit longer. Sometimes, you might find that selling an EV in a different country or region can get you a better price. It’s all about being flexible and knowing where the demand is. Being agile and reactive to market shifts is probably the most important thing a fleet operator can do right now.

Here are a few ideas:

1. Monitor Value Trends Daily: Use real-time data to track depreciation and identify optimal selling windows.

2. Explore Cross-Border Remarketing: Investigate if neighboring markets offer better resale values for specific EV models.

3. Adjust Fleet Rotation Cycles: Be prepared to shorten or lengthen lease terms based on market conditions and projected residual values.

4. Consider Certified Pre-Owned Programs: Manufacturers or dealers can offer CPO programs that add a layer of trust and potentially stabilize used values.

The rapid evolution of battery technology and changing incentive landscapes mean that traditional depreciation models for internal combustion engine vehicles just don't apply neatly to EVs. Lenders and fleet managers need to adopt more dynamic approaches to valuation and risk assessment.

Cross-Border Remarketing Opportunities for Fleets

This is a pretty interesting angle for fleets, especially in places like Europe. You might see that a batch of electric vehicles isn't fetching a great price in one country, but if you look across the border, you could get a much better deal. For example, if the market in France is a bit soft for certain EVs, maybe Germany or Spain is hungry for them. It's about being smart and looking at the bigger picture. Fleet managers who are paying attention to these differences between countries can really help reduce unexpected losses and get more money back when they sell their vehicles. It takes a bit more effort, sure, but the payoff can be significant.

Here’s how it can work:

• Identify Regional Demand Differences: Research which countries have higher demand for specific EV models or brands.

• Understand Regulatory Variations: Differences in local regulations or incentives can create price disparities between markets.

• Logistical Planning: Factor in the costs and complexities of transporting vehicles to different countries for sale.

• Partner with International Remarketers: Work with companies that specialize in cross-border vehicle sales to streamline the process.

Shifting Incentives and Their Effect on EV Affordability

Okay, so let's talk about how all these government programs and manufacturer deals are changing the game for buying electric cars in 2026. It's not as simple as it used to be, and that's affecting how much people can actually afford.

Sunset of Federal Tax Credits and State-Level Support

Remember those big federal tax credits that made EVs seem way cheaper? Well, a lot of those have faded away. The $7,500 credit for new EVs and the $4,000 for used ones officially ended in late 2025. This means the price tag on EVs is looking a bit higher for many buyers now. The focus is shifting heavily towards state and local incentives, which vary a lot from place to place. Some states still offer decent rebates, but others have scaled back. It's getting trickier to keep track of what's available where, and this uncertainty can make potential buyers hesitate. For instance, income limits for certain benefits are now in play, with reductions starting at $100,000 for single filers and $200,000 for joint filers [c6ca].

OEM Financing Programs and Deferred Payment Options

With federal help drying up, car companies are stepping in more. You're seeing more special financing deals directly from manufacturers. These can include lower interest rates, special lease terms, or even deferred payment plans where you don't have to pay anything for the first few months. These programs are designed to make the monthly payments look more manageable, even without the tax credits. It's a way for them to keep sales moving. Some of these deals are pretty creative, trying to bridge the gap left by the government.

Impact on Loan Structures for Affordability-Conscious Borrowers

All these changes mean loan structures are getting a makeover. Lenders and manufacturers are working together to create loans that better fit the current reality. This might mean longer loan terms to keep monthly payments down, or perhaps more flexible lease options. For folks who are really watching their budget, these adjustments are key. Without them, the higher sticker prices and fewer incentives could push EVs out of reach for a lot of people. It's all about finding ways to make that monthly payment work, especially when the upfront savings aren't as big as they once were.

The Rise of EV-Specific Financing Products

Okay, so financing electric cars isn't quite the same as getting a loan for your typical gas-guzzler. Lenders are catching on, and by 2026, we're seeing more and more loan and lease structures built specifically for EVs. This isn't just a minor tweak; it's a whole new way of thinking about how people pay for these vehicles.

Loan and Lease Structures Tailored for Electric Vehicles

Think about it: EVs often have different depreciation curves and can come with unique upfront costs. Because of this, lenders are starting to offer longer loan terms or lease options that better fit the EV ownership experience. Some are even looking at deferred payment structures, which can help make that initial purchase feel a bit more manageable. It's all about matching the financing to the actual lifecycle and cost of owning an electric car. This shift is becoming a major driver for new loan volumes.

Integrating Incentive Validation into Loan Origination Systems

Remember those federal tax credits? Many of them have already phased out, meaning state and local incentives, plus manufacturer deals, are now the big players. Lenders are realizing they need their loan systems (LOS) to handle this complexity. They're building tools that can check and apply these various incentives in real-time during the loan application process. This is super important because it directly impacts the final price a buyer pays and, therefore, the loan amount needed. It helps make sure buyers are getting the best possible deal and that the lender has an accurate picture of the loan's value. It's a smart move to keep up with the changing landscape of auto production.

OEM Partnerships for Bundled EV Offers

Automakers are getting in on the financing game too, often partnering with lenders. These collaborations can lead to some pretty sweet bundled deals for buyers. Imagine getting your car loan, maybe even insurance or a charging plan, all wrapped up together from the manufacturer or a partner. This makes the whole process simpler for the customer and can create a more attractive package than buying everything separately. It's a way for OEMs to encourage EV sales and for lenders to tap into a growing market.

The days of a one-size-fits-all auto loan are fading fast, especially for electric vehicles. Lenders who adapt by creating specialized products and integrating incentive data are the ones who will win in this evolving market.

Advanced Risk Modeling for Electric Vehicles

Accounting for Battery Life and Charging Infrastructure

When it comes to electric vehicles (EVs), the old ways of assessing risk just don't cut it anymore. We're talking about stuff like battery degradation, which directly impacts how much range a car has, and the availability of charging stations, which can make or break an owner's experience. These aren't minor details; they're big factors that influence how much an EV is worth over time and how likely it is to be a problem down the road. Lenders and insurers need to get a handle on these unique EV characteristics. Ignoring them means you're flying blind when it comes to setting prices and managing potential losses.

Assessing Secondary Market Liquidity for EVs

Figuring out how easily you can sell a used EV is another piece of the puzzle. Some models might be super popular and hold their value well, while others could sit on the lot for ages. This "secondary market liquidity" is key for predicting resale values, which, as we know, affects loan amounts and insurance premiums. It's not just about the initial price; it's about what someone will actually pay for it a few years from now. This is where data from places that track vehicle sales and demand really comes in handy. The insurance industry is entering a phase of readiness rather than disruption, driven by the increasing data-centricity of property and auto risks. Artificial intelligence is emerging as a fundamental technology, shaping the future landscape of insurance. EV Data Access

Underwriting Tools for LTV and Depreciation Risk

So, how do you actually do this? You need the right tools. This means looking at underwriting models that can specifically handle EV depreciation curves, which are often different from gasoline cars. It also means having systems that can accurately estimate the "Loan-to-Value" (LTV) ratio, taking into account all these new factors. Without these specialized tools, lenders and insurers are basically guessing, and that's a risky business. It's about getting smarter with the data available to make better decisions. Insurers are facing increased loss-cost inflation, particularly with electric vehicles, due to more severe and costly claims. This trend highlights the growing importance of technology in managing vehicle claims effectively. staying abreast of technological advancements

Here's a quick rundown of what goes into better EV risk modeling:

• Battery Health Monitoring: Assessing current battery capacity and projected degradation rates.

• Charging Infrastructure Availability: Factoring in local charging station density and reliability.

• Model-Specific Depreciation Data: Using actual sales data for similar EV models to predict future value.

• Technological Obsolescence: Considering how quickly new battery tech or features might make older models less desirable.

The complexity of electric vehicles means that traditional underwriting approaches need a serious update. It's not just about the car's make and model anymore; it's about the technology under the hood and the ecosystem it operates within.

AI and Data Analytics in Auto Finance

AI-Powered Credit Scoring and Decisioning

Forget those old-school credit models that feel like they were built in a different century. In 2026, artificial intelligence is really stepping up to make auto loan decisions faster and, frankly, fairer. Traditional methods often rely on strict rules and data that's already old news. AI, on the other hand, looks at a much wider picture. It checks out spending habits, how you manage your bank accounts, your job history, and even things like paying your rent on time. This means lenders can actually give a chance to people with limited credit history, folks who might get overlooked by older systems. It’s about making smarter calls, quicker.

Feature	Legacy Credit Models	AI-Powered Credit Models
Credit History	FICO score, delinquencies	FICO + behavioral trends
Income Data	W-2, DTI ratio	Bank transactions, cash flow
Alternative Signals	Rarely considered	Rent, utilities, subscriptions
Decision Logic	Static scorecards	Dynamic ML models
Speed	Hours to days	Seconds

This shift means more people can get approved, decisions happen in seconds instead of days, and lenders can actually lower their risk by looking at borrowers more closely. It’s a big change from just looking at a FICO score. Many leaders are already investing heavily in AI, seeing it as critical for how they operate by 2026. AI is becoming essential.

Leveraging Alternative Data for Broader Access

So, what exactly is this 'alternative data' we keep hearing about? It's basically any information that isn't part of your standard credit report. Think about your utility bills – do you pay them on time every month? What about your rent? Or even how you manage your day-to-day spending through your bank account. For people who don't have a long credit history, or maybe have had some bumps along the way, this data can paint a much more complete picture of their financial reliability. Lenders are starting to see that this information can help them approve more applicants who might otherwise be turned away, opening up auto financing to a wider group of people. It's about looking beyond the traditional scorecards.

The goal is to move beyond rigid, backward-looking data and embrace a more dynamic, forward-looking view of a borrower's financial health. This allows for more inclusive lending practices and better risk assessment.

Explainable AI (XAI) for Transparency and Compliance

Now, with all this powerful AI making decisions, there's a big question: how does it actually work? Regulators and consumers alike want to know why a loan was approved or denied. That's where Explainable AI, or XAI, comes in. It's a way to make these complex AI models understandable. Instead of a black box spitting out an answer, XAI provides insights into the factors that led to a specific decision. This is super important for staying compliant with financial regulations and building trust with customers. It means lenders can show their work, proving that their AI systems are making fair and consistent choices, not just random ones. This transparency is becoming a must-have, not a nice-to-have, in the auto finance world.

• Understanding Decision Drivers: XAI breaks down which data points had the most influence on an approval or denial.

• Regulatory Adherence: It helps lenders meet compliance requirements by providing audit trails for AI-driven decisions.

• Building Consumer Trust: Clear explanations can reduce applicant frustration and increase confidence in the lending process.

Fleet Management and EV Remarketing Strategies

Managing a fleet in 2026 means keeping a close eye on electric vehicles, especially when it's time to sell them. The market for used EVs can be a bit wild, and knowing what's happening with their value is super important.

Agile Strategies for Managing BEV Value Volatility

Battery-electric vehicles (BEVs) have seen some big swings in their resale values lately. This is partly because government incentives that helped people buy them new have started to fade. Plus, new battery tech keeps coming out, making older models less appealing. Fleet operators need to be ready for these ups and downs. It's not just about buying the cars; it's about planning for when they leave the fleet.

Here’s what smart fleet managers are doing:

• Watch the numbers daily: Keep tabs on how your vehicles are valued month-to-month. This helps you decide if you should extend a lease or sell sooner.

• Be flexible with timelines: Don't get locked into rigid replacement cycles. Sometimes, selling a vehicle a bit earlier can save you money.

• Stay informed on tech: Understand how new battery advancements might affect the value of your current fleet.

The reality is that the value of used EVs can change quickly. Being able to react fast is key to avoiding unexpected losses.

Optimizing Remarketing Efforts Across Markets

Sometimes, the value of a used EV can be quite different from one country to another. For example, a BEV that might not fetch a great price in France could do much better in Germany or Spain. Smart fleets are looking beyond their local market to find the best place to sell their vehicles. This cross-border approach can help make up for lower prices in one area by getting more in another. It's all about finding the highest bidder, wherever they might be.

The Importance of Real-Time Valuation Insights

Getting good information about vehicle values, and getting it fast, is a game-changer. Knowing the current market price for your specific EVs helps you make better decisions. This kind of data lets you see trends as they happen, not weeks later. It means you can adjust your remarketing plans on the fly. For fleets, this kind of intelligence is becoming a must-have. Staying ahead of the curve means you're less likely to lose money on your fleet assets. You can find more about the latest fleet advancements in the 2026 Fleet Technology Trends Report.

The Growing Influence of New EV Brands

It feels like every other week there's a new company popping up, promising the next big thing in electric vehicles. And honestly, some of them are really shaking things up. These newer brands often come in with a focus on affordability and packing in the latest tech, which is a tough combo for the older, established car makers to beat. They're not just selling cars; they're selling a vision, and a lot of buyers are listening.

Challenging Established OEMs with Affordability and Tech

Think about it: you've got these newer players, often with leaner operations, who can afford to price their EVs more competitively. They're not bogged down by decades of legacy manufacturing or massive dealer networks. Plus, they're usually starting from scratch with their tech, meaning they can integrate the newest infotainment systems, driver aids, and battery management right from the get-go. This makes it hard for brands we've known forever to keep up, especially when their own new EVs are still carrying a hefty price tag.

Impact of New Entrants on Brand Loyalty and Market Share

This influx of new brands is definitely making waves. People who might have automatically bought a certain make for years are now looking around. Why? Because a new brand might offer a similar or even better EV for less money, or with features that feel more cutting-edge. It's forcing a rethink of what 'brand loyalty' even means in the EV space. We're seeing market share shift, and it's not just a little bit. Established companies have to work harder to prove why their vehicles are still worth the premium, or risk losing customers to these fresh faces.

The Enduring Importance of Residual Values for Competitiveness

No matter how flashy the new tech or how low the sticker price, what a car is worth down the line – its residual value – still matters a ton. For the new EV brands, getting this right is key to their long-term success. If their cars hold their value well, it makes them more attractive for leasing and for buyers who plan to sell or trade in later. For the established brands, strong residual values are a shield. They show that even with new competition, their vehicles maintain desirability and a solid place in the market. It's a constant balancing act, and for everyone involved, keeping a close eye on how these vehicles hold up over time is just smart business.

Embedded Finance and the Future of Auto Lending

Expanding Beyond Point-of-Sale Financing

Forget just seeing financing options when you're about to sign on the dotted line. The real shift is happening earlier, right when you're just looking around. Think about it: you're browsing an EV maker's app, or maybe a digital car marketplace, and suddenly, there's a pre-approved loan offer tailored just for you. That's embedded finance in action. It's about putting financial tools right where the customer is, not making them hunt for it later. This means lenders need to get their offers into all sorts of places, from online car sites to even EV charging apps. It's a big change from the old days of just dealing with dealerships. This move is really about making the whole process smoother for everyone involved.

AI Personalization for Real-Time Offer Matching

So, how do these offers get so spot-on? Artificial intelligence is the secret sauce. AI can look at a ton of data – not just your credit score, but how you spend money, your job history, even things like paying your rent on time. It uses all this to figure out what kind of loan you'd actually qualify for and what terms would work best for your situation. This isn't just about saying 'yes' or 'no' anymore; it's about matching you with the right loan, instantly. This kind of smart matching means fewer people get turned down and more people get the financing they need, often without even realizing they're applying. It's about making the process feel less like a chore and more like a helpful suggestion. This technology is key for making auto finance more accessible.

One-Click Financing and Modular Lending Infrastructure

What does this all mean for getting a loan? It means things are getting way simpler. Imagine filling out a loan application that's already mostly filled in for you, with your identity already verified. That's the 'one-click' future. You click, confirm, and you're done. Behind the scenes, lenders are building flexible systems that can quickly adjust loan terms. Need to account for a government rebate that just changed? Or maybe offer a different payment plan based on where you live? Modular infrastructure lets them do that on the fly. It's all about speed and flexibility, making sure the financing fits the buyer and the vehicle, especially with the fast-changing EV market. It’s a big step up from the paperwork-heavy processes of the past.

Prioritizing Safety and Technology in Fleet Vehicles

When it comes to managing a fleet in 2026, keeping your drivers safe and your vehicles up-to-date with the latest tech isn't just a good idea; it's becoming a necessity. Think about it: your employees are out there representing your business every day. Making sure they have the best protection possible while on the road is a big part of your responsibility as an employer.

The Duty of Care in Fleet Operations

This whole idea of a 'duty of care' means you've got to take reasonable steps to protect your drivers. It's not just about avoiding accidents; it's about creating an environment where safety is a top priority. This includes everything from regular vehicle maintenance to making sure drivers are properly trained and aren't being pushed to take unnecessary risks. Fleets that actively manage their safety protocols are not only protecting their people but also reducing potential liabilities and operational disruptions.

Demand for Advanced Driver-Assistance Systems (ADAS)

We're seeing a definite shift towards vehicles equipped with ADAS. These systems, like automatic emergency braking, lane departure warnings, and adaptive cruise control, are no longer just fancy extras. They're becoming standard expectations for many fleet managers. They help drivers stay alert and can intervene in critical situations, potentially preventing crashes. It’s about using technology to augment driver capabilities and reduce the chance of human error.

Here’s a quick look at some common ADAS features and their benefits:

• Forward Collision Warning: Alerts drivers to potential front-end collisions.

• Lane Keeping Assist: Helps drivers stay within their lane markings.

• Blind Spot Monitoring: Warns drivers of vehicles in their blind spots.

• Automatic Emergency Braking: Applies brakes automatically if a collision is imminent.

Balancing Technology Costs with Employee Protection

Now, nobody's saying this tech comes cheap. Adding ADAS and other advanced features can increase the initial purchase price of vehicles. However, when you weigh that against the cost of accidents – including vehicle repairs, medical expenses, lost productivity, and potential insurance premium hikes – the investment often makes sense. It’s a trade-off between upfront spending and long-term risk mitigation. Plus, offering vehicles with modern safety tech can also be a big plus for employee morale and recruitment. It shows you care about their well-being. For businesses looking to stay ahead, keeping an eye on the latest fleet technology trends is a smart move, especially with tools like GPS tracking becoming more common for optimizing fleet operations.

The conversation around fleet vehicle acquisition is increasingly focused on total cost of ownership, where safety and technology features are factored in not just as expenses, but as investments in driver well-being and operational efficiency. This perspective shift is driving demand for vehicles that offer advanced protection and driver support systems, even if they carry a higher initial price tag.

Looking Ahead

So, as we head into 2026, it's clear that the electric vehicle market is still shaking things up, especially when it comes to insurance and how much these cars are worth down the line. Things like battery life, charging access, and even how much data we can get from the cars themselves are starting to play a bigger role. For anyone buying or selling EVs, keeping an eye on these trends is going to be pretty important. It's not just about the sticker price anymore; it's about the whole picture, from insurance costs to what you can get for it when you're ready for a new one. Staying informed will help you make smarter choices in this fast-moving space.

Frequently Asked Questions

How will electric car insurance change in 2026?

Insurance for electric cars might become more tailored. Companies are looking at how battery tech affects repair costs and using data from your car (like how you drive) to figure out prices. This means insurance could be based more on your actual driving habits and the specific car you own.

Why is the value of used electric cars changing so much?

The value of used electric cars can go up and down a lot. This is because new battery technology comes out often, and the number of electric cars available is growing. Also, government help, like tax credits, is changing, which affects how much people are willing to pay.

Will electric cars still be affordable in 2026?

Some government help, like tax credits for buying new or used electric cars, is ending. This could make them less affordable for some people. Car companies might offer special deals or payment plans to help, but it's important to check for local or state programs that might still be available.

Are there special loans for electric cars now?

Yes, some lenders are creating loan and lease options specifically for electric cars. They might also help you figure out government discounts and combine them with the loan. Sometimes, car companies work with lenders to offer special packages when you buy the car.

How do companies decide how much to lend for an electric car?

Lenders are getting smarter about figuring out the risk with electric cars. They look at how long the battery might last, where you can charge it, and how much the car might be worth later. They use special tools to guess the car's future value and how much it might lose value over time.

How is technology like AI changing car loans?

Artificial intelligence (AI) is helping lenders make faster and fairer decisions about who gets a loan. It can look at more information than old methods, like how you spend money or pay bills. AI can also help explain why a loan was approved or denied, making things more open and honest.

What's new for companies that have a lot of electric cars in their fleet?

Companies with many electric cars need to be flexible. They have to watch the value of these cars closely because it can change quickly. They are also looking for new ways to sell used electric cars, sometimes even in different countries, to get the best price.

Are new electric car brands making it harder for old ones?

Yes, new electric car companies are showing up with affordable and high-tech options. This makes people think twice about sticking with the brands they've always known. For any car company to do well, keeping track of their car's value and price is super important.