### Introduction As the world shifts towards a more sustainable future, the used electric car market is gaining traction. However, one of the most popular electric vehicles of the past few years, the 2021 Volkswagen ID.4, has seen its resale value plummet. But what's behind this decline? In this article, we'll delve into the reasons behind the Volkswagen ID.4's depreciation and explore what this means for early adopters and potential buyers. ### Market Trends The Volkswagen ID.4 was launched in 2021 as a game-changer in the electric vehicle market. With its sub-$45k MSRP, it was an attractive option for those looking to make the switch to an electric car. However, its resale value has taken a hit, depreciating by 55% in just five years. This trend is not unique to the ID.4, as many early electric vehicles have seen similar declines in value. ### Kelley Blue Book Ratings Kelley Blue ...
### Introduction
As the world shifts towards a more sustainable future, the used electric car market is gaining traction. However, one of the most popular electric vehicles of the past few years, the 2021 Volkswagen ID.4, has seen its resale value plummet. But what’s behind this decline? In this article, we’ll delve into the reasons behind the Volkswagen ID.4’s depreciation and explore what this means for early adopters and potential buyers.
### Market Trends
The Volkswagen ID.4 was launched in 2021 as a game-changer in the electric vehicle market. With its sub-$45k MSRP, it was an attractive option for those looking to make the switch to an electric car. However, its resale value has taken a hit, depreciating by 55% in just five years. This trend is not unique to the ID.4, as many early electric vehicles have seen similar declines in value.
### Kelley Blue Book Ratings
Kelley Blue Book (KBB) consumer ratings gave the 2021 VW ID.4 a 4 out of 5, praising its quality, performance, comfort, styling, value for money, and reliability. However, the figures also show that the ID.4 has lost value over time. According to KBB, the 2021 VW ID.4 now has a resale value of about $15,400, while the trade-in value hovers in the $11,800 range.
### Industry Insights
Industry experts point to several factors contributing to the decline in the ID.4’s resale value. One major factor is the rapid advancement of technology, which can render older models obsolete. Additionally, concerns about battery degradation and charging nuances have led some buyers to opt for newer models.
### Conclusion
The Volkswagen ID.4’s decline in resale value is a sobering reminder of the challenges facing the electric vehicle market. While early adopters may be disappointed, it’s essential to consider the bigger picture. As technology continues to evolve, the value of electric vehicles will likely shift. For now, buyers looking for a used electric car bargain may want to consider other options.
### Additional Insights
* The 2021 Volkswagen ID.4’s 0–100 km/h time is 8.5 seconds, while its top speed is 210 km/h.
* The vehicle features a 83.9 kWh battery pack, which provides an estimated range of 375 miles (603 km).
* The ID.4’s charging speed is up to 125 kW, making it suitable for fast charging.
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