EVs are holding value better than expected – and it has a lot to do with Australia’s cost of living

The Guardian Environment Friday 16 October 2026, 14:00 UTC By Jonathan Barrett Business editor 1 min read

Key Points

The appeal of electric vehicles is financial as much as environmental for many driversSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereThe electric vehicles were splattered after a concrete spray incident, but repairable. Eager to recoup their costs, insurers sent the 40 BYD vehicles to an auction run by asset sales company Pickles in late March. With fuel prices soaring in response to the US and Israel war on Iran, a bidding frenzy erupted.

The appeal of electric vehicles is financial as much as environmental for many drivers

The electric vehicles were splattered after a concrete spray incident, but repairable. Eager to recoup their costs, insurers sent the 40 BYD vehicles to an auction run by asset sales company Pickles in late March.

With fuel prices soaring in response to the US and Israel war on Iran, a bidding frenzy erupted.

Australia (LOCATION) Adam Morton’s (PERSON) Clear Air (ORG) BYD (ORG) US (LOCATION) Israel (LOCATION) Iran (LOCATION)

Originally published by The Guardian Environment Read original →

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EVs are holding value better than expected – and it has a lot to do with Australia’s cost of living

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