Buyers are worried about EVs' residual value. This startup aims to demystify the data to enable a seamless and equitable transaction

Now that the the first set of EV buyers are starting to trade in their cars for newer models, we’re seeing a wave of used electric vehicles hit the market.

But buyers understandably have a lot of questions, especially about the uncertainty around residual value of an electric vehicle. 

We don’t have a consistent track record to draw from. There are questions around battery life. Many times, a buyer may know more about a used EV than the dealer selling it. 

Here today to discuss this issue, and how to effectively address it, is Jimmy Douglas, a former Tesla executive and founder and CEO of Plug, a wholesale auction that aims to empower dealers by offering up vetted and transparent EV data.