The other factor is the result of incentives to buy the first round of hybrids and EVs. According to the Forbes report, there are a large number of alt-fuel vehicles that are coming off heavily subsidized leases. 85 percent of Nissan Leafs were leased last year, and it is expected that their residual value will be thousands less than the original estimates.
Then you have the incentives on new hybrids and EVs. You can still get as much as $7,500 off certain electric vehicles, and then automakers throw in their own incentives to sweeten the pot.
Finally you have the purely psychological reasons detracting from hybrid and EV prices. We don’t need to get into the details of “range anxiety” other than that people consider how far they have to drive on a daily basis when buying a car.
The other factor is the quality of the battery as the vehicle gets older. Some buyers are fearful that the old battery might lose its range or effectiveness. But many hybrids have longer warranties for hybrid components, and there has been a proven record of used Prius models on the road that are doing just fine.
What these market forces and mental hangups mean for the eco-conscious consumer is a used marketplace full of late model hybrids and EVs that are extraordinarily good deals.