23
Feb

By MyAsset Admin

How Hybrid and Electric Vehicles Are Changing Car Valuation in Kenya

Hybrid and electric vehicles (EVs) are steadily gaining traction in Kenya, largely driven by rising fuel costs and growing environmental awareness. More motorists are embracing these vehicles for their efficiency and reduced emissions. However, determining their market value is more complex than valuing conventional petrol or diesel cars, requiring specialized knowledge and updated assessment techniques.

One of the most critical factors in valuing an electric vehicle is battery health. The battery pack is the most expensive component of an EV, and its performance, lifespan, and replacement cost significantly influence the vehicle’s overall value. Assessors must evaluate battery degradation levels, warranty status, and charging history before issuing an accurate valuation report.

Hybrid vehicles present an additional layer of complexity because they combine a traditional internal combustion engine with an electric motor system. This means that both mechanical and electrical components must be carefully inspected. Any issues in either system can affect performance and ultimately reduce the vehicle’s resale value.

Infrastructure challenges in Kenya also play a role in valuation outcomes. Limited access to charging stations, availability of qualified EV technicians, and the cost and accessibility of spare parts can influence buyer demand. These market realities are carefully considered when determining resale value.

As automotive technology continues to evolve, professional car assessors must continually update their expertise and valuation methods. Understanding battery diagnostics, software systems, and emerging EV trends ensures that hybrid and electric vehicles are valued fairly and accurately within the Kenyan market.

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