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Technology

New battery standards set to jump-start secondhand EV market

Global initiative aims to reverse sharp depreciation of used electric vehicles

Nissan Leaf electric vehicles, which debuted a decade ago, face sharply discounted valuations on the resale market.   © Reuters

TOKYO -- Nissan Motor's iconic Leaf electric vehicle often fetches well below $5,000 on the used car market, no matter its mileage.

"With the current state of battery performance, any EV becomes essentially worthless after a decade of use, unless it's a high-end model," said a securities analyst. The Leaf has been on the market since 2010.

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