Early Adopters Pay the Price as EV Truck Values Tumble

Some early adopters of electric vehicle trucks who bought on secondary markets during the EV mania in recent years have been hammered by price collapses.  Using Bring A Trailer data, we analyzed auctions of four EV trucks: a GMC Hummer EV, a Ford F-150 Lightning EV, a Rivian R1T, and a Tesla Cybertruck. All of these trucks have seen sizeable price declines on the auction website.  Let's start with the GMC Hummer EV, which was heavily hyped and initially sold for a staggering $275k on the auction website in April 2022. Fast forward to…