The elephant in the road
Car finance firms losing “hundreds of millions” in EV depreciation want Govt support
The BVRLA says the disparity in supply and demand for electric cars is resulting in weaker-than-expected residuals, which is costing firms millions
Car finance and leasing firms have asked the Government for financial support after the huge depreciation of EV values has led to the companies losing “hundreds of millions” of pounds – which is currently being passed onto consumers in the form of higher interest rates and car financing costs.
As Richard’s car ran through the cutting — it was electrical, odourless, and almost noiseless — he perceived in front of him the elephant herd standing in the road.
Arnold Bennett – Teresa of Watling Street (1904)
Source: https://akhaart.blogspot.com/2025/04/the-elephant-in-road.html
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